4.4 billion euros secured – the automotive cell company will accelerate its growth and strengthen its position as Europe's leading player in sustainable mobility.
ACC announced the completion of a €4.4 billion loan to increase funding for the construction of three gigafactories for lithium-ion battery cell production and research and development in France, Germany and Italy.
This venture will accelerate ACC's development and strengthen its position as a leading player in the battery industry powering high-performance, low-carbon electric vehicles. In December 2023, ACC began production of Stellantis as scheduled at the Billy Belclau Develin Gigafactory (France), which is a remarkable achievement. This success led to the start of construction of his second block at the site in France, before starting the construction of his first block in Germany and his two blocks in Italy, leading to further industrial development to meet demand. The road has been opened.
This debt package will help finance these capacities and is fully underwritten by a consortium of commercial banks: BNP Paribas, Deutsche Bank, ING and Intesa Sanpaolo, with support from Bpifrance, Euler Hermes and SACE.
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Jan Vincent The ACC Chief Executive said:
The transition to vehicle electrification is still a work in progress. To meet this immense challenge, our customers must rely on robust and reliable European companies like ACC, who can supply competitive batteries in large quantities with low CO2 emissions. there is.
“With this world-class financial community supporting us, we see clear evidence of confidence in the ACC project. We are resolutely looking to the future to achieve our goal of expanding our production capacity.”
ACC's three shareholders, Stellantis, Mercedes-Benz and Saft, have demonstrated their commitment by working with ACC and participating in the capital increase to ensure its success. With the next capital injection by the end of March 2024, Stellantis will own 45% of ACC, Mercedes-Benz will own 30% and Saft will own 25%.
Stellantis and Mercedes-Benz confirm their commitment as major shareholders and customers of ACC's battery modules. The companies have agreed to change the equity shareholding ratio of ACC and plan to gradually increase their equity interest in ACC. Saft, a wholly owned subsidiary of TotalEnergies, is committed to continuing its cooperation with ACC by providing technical know-how as a long-term shareholder.
Severine Mateo BNP Paribas acted as exclusive financial advisor to ACC, Head of the Low Carbon Transition Group, and commented:
ACC and BNP Paribas share the same goal of accelerating the transition to a different and more sustainable mobility.
“Through our work with ACC, we have been impressed by their team’s expertise and dedication to realizing their ambitions and are delighted to be able to contribute to their success through our fundraising advice. I'm proud of it.”
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4.4 billion euros secured – the automotive cell company will accelerate its growth and strengthen its position as Europe's leading player in sustainable mobility.sauce
