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Automaker Stellantis announces inauguration of lithium battery gigafactory in France

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(Kitco News) - Automaker Stellantis (NYSE: STLA) celebrated today the inauguration of Automotive Cells Company's (ACC) battery gigafactory in Billy-Berclau Douvrin, France, the first of three planned in Europe.

According to a company statement, ACC was founded by Stellantis and TotalEnergies/Saft in 2020. Mercedes-Benz became a partner in 2022.

"With an initial production line capacity of 13 gigawatt-hours (GWh), rising to 40GWh by 2030, the facility will deliver high-performance lithium-ion batteries with a minimal CO2 footprint," the company said.

Stellantis added that the first of the site's three European production units will be operational before the end of 2023.

The company noted the gigafactory will contribute to Stellantis' goal of increasing battery manufacturing capacity to 250 GWh in Europe by 2030 and advance the company on its mission to offer a comprehensive suite of battery technologies that supports customers' needs across the entire Stellantis brand portfolio.

Stellantis pointed out it is securing approximately 400 GWh of capacity by 2030, supported by five gigafactories in Europe and North America and additional supply contracts.

As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of the passenger car battery electric vehicle (BEV) sales mix in Europe and 50% of passenger car and light-duty truck BEV sales mix in the United States by 2030.

Importantly, Stellantis said that the company is on track to become a carbon net zero corporation, all scopes included, by 2038, with single-digit percentage compensation of the remaining emissions.

Stellantis is one of the world's leading automakers and a mobility provider. The company's brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.

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