ACC secures €4.4bn ECA-backed funding for 3 gigafactories

In:

Metals and Mining, Transport

Region:

Europe

Automotive Cells Company has closed a €4.4 billion (around $4.7 billion) ECA-backed debt raising to help finance three gigafactories for lithium-ion battery cell production in France, Germany, and Italy. The financing, which will also be used for R&D, is fully underwritten by BNP...

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