ACC explores new battery plant in North America

The Automotive Cells Company (ACC) is in early talks with officials in Canada and the United States. The European joint venture of Stellantis, Total Energies and Mercedes-Benz Group is currently negotiating to build a battery factory in North America, an ACC spokesperson told Reuters news agency.

Financing talks in Canada …

As publicly available documents show, ACC had already met with government representatives in the Canadian province of Quebec in May 2023. They had discussed direct funding, incentives and grants related to the siting, development and construction of a battery manufacturing facility in Quebec.

… “could be complicated”

Meanwhile, the federal and provincial government’s lobbying registry indicates that the talks have broken off. According to an internal source, on the other hand, talks are ongoing, “but could be complicated given what’s going on between Stellantis and LG and the Canadian government.” Meanwhile, talks by ACC in the U.S. have not been substantiated.

ACC invests seven billion euros in Europe

Stellantis had recently settled a dispute with the Canadian government over subsidies to build an electric vehicle factory with South Korea’s LG Energy Solution. The project could receive incentives of up to eleven billion U.S. dollars. ACC was founded in 2020 and has announced e-vehicle battery factories for Germany, France and Italy with an investment of seven billion euros.

Source: https://www.reuters.com/business/autos-transportation/european-battery-maker-acc-exploratory-talks-about-namerica-battery-plant-2023-08-01/

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