Automotive Cells Company
Assembly Line
French firm ACC bags €4.4B to construct three gigafactories for lithium-ion battery cell production
Bruges-based ACC (Automotive Cells Company), a high-tech company operating in the world of battery technology for electric vehicles, announced on Monday, February 12, that it has secured €4.4B debt raising. The company will use the funds to construct three gigafactories for lithium-ion battery cell production in France, Germany, and Italy, as well as, for R&D. The debt package will be used to finance these projects and is fully endorsed by a consortium of commercial banks, including BNP Paribas, Deutsche Bank, ING, Intesa Sanpaolo, and supported by Bpifrance, Euler Hermes, and SACE.