Stellantis and Mercedes raise €4.4 billion with ACC to build new gigafactories
Automotive Cells Company (ACC) has announced the closing of a €4.4 billion ($4.7 billion / £3.7 billion) debt raising, increasing the funding for the construction of three gigafactories to produce lithium-ion battery cells in France, Germany, and Italy, and for R&D.
Porsche reveals new PHEV variants of its Panamera sports car
Porsche is further expanding its range of powertrains for the Panamera sports saloon, launching the new Panamera 4 E-Hybrid and 4S E-Hybrid variants as part of its E-Performance strategy.