According to foreign media reports, people familiar with the matter revealed that the Italian government is in talks with Stellantis to discuss investment in electric vehicle battery manufacturing in the country.
Stellantis chairman John Elkann and CEO Tang Weishi (Carlos Tavares), and Italy's economic development minister Giancarlo Giorgetti held a meeting in Rome to talk about the future of the country's electric vehicles, according to people familiar with the matter. The sources declined to be identified because the meeting was held in private.
It is understood that Giorgetti wants Stellantis to reassure that Italy will remain one of the main countries in which the company makes cars and asked about the company's plans to invest in batteries in Mirafiori (Mirafiori), Fiat's main industrial zone in Turin. Fiat has been making cars at its iconic Mirafiori plant since 1939, which has become the company's hub for the production of electric cars, the first of which is the electric version of the Fiat 500s. Stellantis plans to produce electric versions of Maserati Gran Turismo and Gran Cabrio in Turin from mid-2022.
Spokesmen for Stellantis and Giorgetti declined to comment. The current discussion is still in the early stages, the two sides have not yet made a final decision, Stellantis may also decide to invest in battery production elsewhere.
Stellantis has dozens of production facilities in Italy and employs more than 50, 000 people. Last year, the government approved a 6.3 billion euros ($7.7 billion) credit facility for Fiat, the largest government-backed financing received by an European carmaker during the outbreak.
As part of Italy's environmental transformation, the new government led by (Mario Draghi), led by Mario Draghi, plans to invest about 25 billion euros in new infrastructure. The 25 billion euros will come from the EU recovery fund (European Union Recovery Funds),. In addition, the Italian government will replenish domestic funds, with a total investment of more than 31 billion euros. The aim of the plan is to upgrade the public transport fleet, to use zero-or low-emission vehicles, and to invest about 8.5 billion euros in sustainable travel, including the construction of 21000 fast charging stations.
Tang Weishi has promised to accelerate the electric transformation of Stellantis, and he estimates that the company's electric car sales will account for more than 1/3 of total European sales around 2025. The company expects its sales of plug-in hybrid and all-electric vehicles to triple year-on-year to more than 400,000 this year.
Tang Weishi said last month that Stellantis plans to increase its battery capacity to 250 gigawatt hours by 2030. This year, the company is likely to make a decision to build more battery plants in Europe and North America. The company also plans to brief investors on its electric vehicle strategy on July 8.
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