Italy Threatens Stellantis With Loss Of Funding Unless They Build More Italian Plants

The Italian government has issued a stern warning to Stellantis that if it doesn’t give a firm commitment to establishing a local battery production plant, public funds will be moved elsewhere.

 

Stellantis had promised to establish a battery factory in Italy through the ACC battery joint venture that it is the largest investor in, alongside two other battery gigafactories in Europe. However, work on plants in Italy and Germany were put on hold earlier this year.