stellantis will realize in Termoli, in the province of Campobasso, its third European battery gigafactory, after those in Douvrin (France) and Kaiserslautern (Germany). The decision is part of the 30 billion investment plan by 2025 to ensure that, by 2030, electrified vehicles represent over 70% of sales in Europe and more than 40% of those in the United States.
“The need for batteries and components for Stellantis EVs – explains the CEO of the group, Carlos Tavares – will be satisfied thanks to a total of five gigafactories in Europe and North America and the allocation of the third European site in Italy, after those in France and Germany, is the confirmation of Stellantis' commitment in Italy and of the company's willingness to continue investing in its production system”.
The Termoli plant, opened in 1972, now has 2.500 employees, specializes in the production of engines and transmissions and covers an area of 1,2 million square meters. Based on FCA's previous plan (which later merged with Psa to give life to Stellantis), the Termoli plant should have continued to produce traditional and hybrid engines. At this point it remains to be clarified whether a total reconversion of the site will be envisaged or whether the gigafactory for the production of batteries will complement that of the engines.
Stellantis "is working with determination and speed to anticipate and support the energy transition of all its Italian industrial sites - added Tavares - with the aim of guaranteeing their sustainability through the improvement of their performance and to let the country play a strategic role among the main domestic markets of the Group”.
The group aims to reduce battery pack costs by more than 40% by 2024 and by a further 20% or more by 2030.
