\n\nSAFT and Opel form a joint venture called Automotive Cell Company (ACC), which will start producing EV batteries from 2023. \n\n<\/p>\n\n\n\n\n\n\n\n
The project will begin with a phase of research and development, including construction of a \u20ac200-million plant at Saft\u2019s Nersac facility. The first phase will trigger the investment decision for a large-scale production plant (beginning at 8 GWh and increasing to 24 GWh) in the northern Hauts-de-France region. <\/p>\n\n\n\n
A\nsecond plant of equal capacity will follow in Germany.<\/p>\n\n\n\n
The company aims to have a combined capacity of 48 GWh, producing one million batteries per year by 2030. Nearly \u20ac5 billion will be needed to fund the entire program. The company expects to receive \u20ac1.3 billionin public funding from the European Commission\u2019s Important Projects of Common European Interest (IPCEI).<\/p>\n\n\n\n
Carlos\nTavares, Chairman of the Managing Board of Groupe PSA, said, \u201cOur purpose is to\noffer citizens mobility options that are clean, safe, and affordable. I am\nconvinced that this project, with our partner Total\/Saft, will create a\nbenchmark player in automotive battery cell development and production in\nEurope.”<\/p>\n\n\n\n