REUTERS/Gonzalo Fuentes/File PhotoItaly aims to spur total investments of more than one billion euros ($1.22 billion) to build an electric car battery factory with car maker Stellantis (STLA.MI) expected to play a leading role, three government sources told Reuters.
But it is confident this could trigger further investments from industrial and financial partners to bring the total to more than one billion euros, the sources said.
The document targets some 1.8 billion euros in funding by that date though one ministry source said this was unlikely.
Stellantis, the world's fourth largest carmaker, currently has two gigafactory projects in Europe, in France and in Germany, with overall investments of 5 billion euros.
read more"There's a lot of competition... we'll have to offer a strong strategy and a credible team," the ministry source said.
Gonzalo Fuentes, Stellantis, Roberto Cingolani
REUTERS, Reuters, Funds, Fiat Chrysler, PSA, Energy, ACC, Thomson
Saint, Yvelines, Paris, France, Italy, Brussels, Rome, Europe, Germany, United States, Spain