Stellantis and ACC decided to halt work on the Italian battery gigafactory due to a shift towards lower-cost batteries amidst declining electric vehicle demand.
Italy's Minister of Industry urged Stellantis to proceed with the gigafactory project in Termoli, emphasizing the risk of losing substantial EU funding.
Despite the halted projects, Stellantis CEO stated he remains optimistic about the gigafactory in Italy, contingent on an increase in EV sales in Europe.
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