EV battery maker ACC halts German factory, delays Italy plant-March 2024-www.financetom.com

EV battery maker ACC halts German factory, delays Italy plant

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EV battery maker ACC halts German factory, delays Italy plant

Jun 4, 2024 6:28 AM

PARIS, June 4 (Reuters) - ACC, an electric vehicle

battery joint venture between carmakers Stellantis ( STLA )

and Mercedes and Saft, a subsidiary of France's

TotalEnergies, has halted work on a factory in

Germany, the company said on Tuesday.

The venture has also postponed plans for a gigafactory in

Italy, it said, as it reviews its strategy to adapt to growing

demand for lower-cost electric vehicles.

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