Name: Plans to open EV battery gigafactories in Europe shelved
Uploaded: 2026-02-07T21:12:35.785Z
Duration: 1 min 2 s
Description: European vehicle battery venture Automotive Cells Company (ACC) has shelved plans to build electric vehicle battery gigafactories in Italy and Germany due to slower-than-expected growth in EV demand.

European vehicle battery venture Automotive Cells Company (ACC) has shelved plans to build electric vehicle battery gigafactories in Italy and Germany due to slower-than-expected growth in EV demand.

Rome

Automotive Cells (ACC), a European vehicle battery venture supported by Stellantis, has decided to shelve plans for building battery gigafactories in Italy and Germany. The projects, which had been on hold since 2024, were impacted by slower-than-expected growth in the electric vehicle market and considerations to shift to less expensive battery technology.

The move comes as Stellantis, which owns brands such as Peugeot and Jeep, acknowledged it had overestimated consumer demand for electric vehicles. Stellantis also announced it would take a €22 billion financial hit and sell a stake in its battery joint venture.

Plans to open EV battery gigafactories in Europe shelved

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Breakdown