Acc, 4.4 billion raised for the Stellantis and Mercedes gigafactories | EUROtoday

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Automotive Cells Company has closed a €4.4 billion debt elevating, increasing funding for analysis and improvement and the development of three gigafactories for the manufacturing of lithium-ion cells in France, Germany and Italy. Acc is the three way partnership between Stellantis, Mercedes-Benz Group and TotalEnergies (by means of the subsidiary Saft) accountable for constructing three gigafactories in Europe, exactly in France, in Billy-Berclau Douvrin (already inaugurated), in Germany and in Italy, in Termoli .

The debt is totally underwritten by a consortium of economic banks, specifically BNP Paribas, Deutsche Bank, ING and Intesa Sanpaolo, and supported by Bpifrance, Euler Hermes and Sace. BNP Paribas acted as unique monetary advisor to Acc.

Work started on the previous Stellantis plant in Molise a month in the past. This is a strategic funding for Acc, in response to the group led by CEO Carlos Tavares, as «it is going to enable us to satisfy the rising demand for high-performance and sustainable batteries for electrical autos. The challenge can even create important financial and social advantages for the Molise area and for Italy as a complete, representing over 2 billion euros of investments and creating no less than 1,800 jobs by 2030.”

Stellantis, Mercedes-Benz and Saft (wholly owned by TotalEnergies) confirmed their commitment by collaborating with Acc and participating in the capital increase to ensure its success. By the end of March 2024 and with the new capital increase, Stellantis will hold 45% of Acc's shares, Mercedes-Benz 30% and Saft 25%.

Stellantis and Mercedes-Benz have confirmed their dedication as key shareholders and clients of Acc's battery modules and can assist Acc by progressively growing their shareholdings. Saft is dedicated to persevering with to collaborate with Acc, as a long-term shareholder and contributing technological know-how.