As an equal shareholder, Mercedes-benz will help ACC build a factory in Italy

Stellantis, Total Energies and Mercedes-Benz have hammered out a new shareholder agreement in which Mercedes becomes an equal shareholder in Automotive Cells Company (ACC), a manufacturer of Automotive batteries, with each taking a one-third stake.The new shareholder agreement is subject to customary closing conditions, including regulatory approvals.Second, ACC plans to expand its manufacturing footprint by…