Stellantis and ACC Joint Venture to Begin Production at Italian Gigafactory in 2026

Time Stamp: March 11, 2023 3:00 PM
Source Node: 2512633

On Thursday, Stellantis and Advanced Car Components (ACC) announced a joint venture to begin production at a new Italian Gigafactory in 2026. This is a major step forward for both companies, as the Gigafactory will enable them to produce electric vehicles and components for the European market.

Stellantis is a global automotive manufacturer with a presence in over 100 countries. The company is known for its commitment to innovation and sustainability, and this joint venture is part of their plan to become a leader in the electric vehicle market. The Gigafactory will be located in the Italian region of Emilia-Romagna, and will be the first of its kind in the country.

The joint venture between Stellantis and ACC will create thousands of jobs in the region, and will also provide a boost to the local economy. The Gigafactory will produce electric vehicles and components for the European market, and will be powered by renewable energy sources. This will help reduce emissions and promote sustainability in the region.

The joint venture is expected to have a major impact on the European electric vehicle market. Stellantis and ACC are both committed to developing innovative technologies that will make electric vehicles more affordable and accessible. This joint venture will help them achieve this goal, and will also help them stay competitive in the global market.

Overall, this joint venture between Stellantis and ACC is a major step forward for both companies. The Gigafactory will create thousands of jobs in the region, and will help reduce emissions and promote sustainability. It is expected to have a major impact on the European electric vehicle market, and will help both companies stay competitive in the global market.