The Italian battery company, Italvolt, has confirmed federal and local government support to build Europe’s largest battery factory outside the northern Italian city of Ivrea.
Italvolt will take over the abandoned Olivetti site in Scarmagno for a € 4 billion battery plant, from which it plans to supply the booming electric vehicle (EV) industry.
With a final production target of 70GWh per year, the first phase of the new plant is slated for completion in 2024, resulting in a battery capacity of 45GWh.
Founded by CEO Lars Carlstrom, Italvolt confirmed that the gigafactory will employ 4,000 workers directly, another 15,000 indirectly and will house dedicated research and development laboratories.
“The support from the Piedmont Region, local administrations and trade associations has exceeded our expectations, the intense and fruitful collaboration over the past eight months has been decisive,” Carlstrom said today.
The site has established road and rail links with Ivrea, Milano (Milan) and the automotive hub Torino (Turin), although there is irony in hopes of Italy’s latest big electronics taking over the ruins of the latter, with the once enormous Olivetti. absorbed by Telecom Italia in 2003.
Carlstrom explained the push for a northern Italy gigafactory by insisting global battery demand would increase 17-fold to at least 3600GWh by 2030.
Although Italvolt has no confirmed customers for its planned dental factory, it has connections with Indian manufacturing giant Mahindra and with the newly created Stellantis Group, whose brands include Jeep, RAM, Peugeot, Citroen, Fiat, Alfa Romeo, Maserati and General Motors. rejected.
This has engaged Mahindra’s Pininfarina Architecture to design a 300,000 square meter factory and Stellantis’s Comau to customize the interior and develop the planned R&D facility and academic center.
“We are excited to launch our project at Piedmont, where we have found the perfect combination of factors that I believe are needed to take advantage of the green industrialization opportunity: a strong industry tradition and highly specialized technological know-how – how in the auto industry,” said Carlstrom.
“Finally, we are honored to have the opportunity to build our Gigafactory in the Scarmagno area, which was once occupied by the industrial hub of Olivetti, a company that has marked the history of Italian industry and still represents a technology icon made in Italy.”