European gigafactory nears close on $4bn ECA deal

Carmaker Stellantis - via its Automotive Cells Company (ACC) JV with Mercedes Benz and Total Energies - is expected to close a €4 billion ($4.2 billion) ECA-backed loan to finance the construction of three gigafactories in Europe by year-end. SACE, Bpifrance (also a shareholder in...