European battery manufacturer ACC has secured 鈧�4.4 billion (US$4.7 billion) to build four new production lines across three 鈥榞igafactories鈥� on the continent.

The company, co-owned by Stellantis, Mercedes and TotalEnergies, will use the money towards the construction of four new production lines 鈥� a second in France, a first one in Kaiserslautern in Germany, and two in Termoli in Italy, according to Reuters.

ACC opened its first production unit producing lithium-ion batteries in Billy-Berclau in northern France last year.

France Germany Italy Construction Electrification Industrial Batteries - Lithium

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