Wednesday, May 31, 2023

"Automaker Stellantis announces inauguration of lithium battery gigafactory in France" (STLA)

Stellantis seems to "get it." 

"Go big or go home," aren't just words, it's the reality that automakers are going to have to face if they want to be among the ten or so survivors in the electric vehicle business.

From Kitco News (also on blogroll at right), May 30:

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....


Peugeot, Jeep, Dodge, Maserati-Maker Stellantis Earning Big Money (STLA)
Also Fiat, Alfa Romeo, Chrysler and a bunch of other marques.
They appear to be generating serious efficiencies from the 2021 merger. and additionally, sold 288,000 electric vehicles for the full year....