Headlines
Stellantis-backed ACC to scrap plans for Termoli gigafactory, newspaper reports
Published by Global Banking & Finance Review®
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
Stellantis-backed ACC may abandon plans for a gigafactory in Termoli, Italy, due to financial and strategic challenges, impacting their European battery production strategy.
MILAN (Reuters) -The Stellantis-backed ACC joint venture is close to "definitely giving up" plans for a gigafactory plant in eastern Italy, newspaper MF reported on Friday.
A decision for the plant in Termoli, which was earmarked by ACC as one of three European electric vehicle battery-making hubs, is expected by the end of the year or in early 2026, MF added.
The project is "not sustainable for technical, strategic and financial difficulties", the Italian paper reported, citing sources.
The site, which makes petrol engines for Stellantis, was one of three ACC initially planned for Europe.
A plant in France has already started operations while another one in Germany is also on hold due to sluggish market demand for electric vehicles.
ACC - which also has Mercedes and TotalEnergies as shareholders - did not immediately respond to a Reuters request for comment.
(Reporting by Sara Rossi, editing by Giulia Segreti)
A gigafactory is a large-scale facility designed for the production of batteries, particularly for electric vehicles. These factories aim to significantly increase battery production capacity to meet the growing demand for electric vehicles.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing both the risks and profits.
Electric vehicles (EVs) are automobiles that are powered by electric motors instead of internal combustion engines. They are considered more environmentally friendly due to lower emissions.
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