Stellantis Nearing Deal to Build Major EV Battery Plant in Italy
- Details including subsidy amount are still being finalized
- Carmaker has scheduled EV Day event with CEO for Thursday
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Stellantis NV is leaning toward building its third European battery plant in Italy after Chairman John Elkann met with government officials in Rome earlier this week, according to people familiar with the discussion.
Italy’s government will help finance the project, said the people, who asked not to be identified because details including the amount of subsidies are still being finalized. One person said the total investment will be about 1.5 billion euros ($1.8 billion), though talks are ongoing.