German Government Puts 437 Million into Opel Battery Cell Plant
A major new battery cell production facility will be built at carmaker Opel’s plant in the western German city of Kaiserslautern. The new project, called the Automotive Cell Company (ACC), is a joint venture between Opel, international automotive group Stellantis and French battery manufacturer Saft.
And national and regional governments are doing their part, underwriting the project to the tune EUR 437 million.
“The new ACC battery cell manufacturing plant in Kaiserslautern …will secure around 2000 jobs and sustainably produce battery cells for around half a million electric vehicles each year,” said Minister of Economic Affairs and Energy Peter Altmaier in a statement. “This is a milestone in the German automotive industry’s transformation towards sustainable drive systems: by producing batteries made in Germany, we will secure value creation and forward-looking jobs.”
The partners in the joint venture will be investing more than EUR 2 billion in the project.
Opel plant in Kaiserslautern © Opel