Battery manufacturer Italvolt has signed a memorandum of understanding for its Gigafactory in Scarmagno, Italy, where it will deliver 45 GWh production capacity for battery cells. By June 2022, the final design is expected to be submitted, construction permits are expected by early 2023 and production will start in 2024.

The Italvolt project plans to start the production of lithium-ion batteries in the second half of 2024 and it expects to employ up to three thousand employees, on a total area of one million square meters. The Gigafactory of Scarmagno and Romano Canavese will place Piedmont and Italy among the most important players of the green industrialization and sustainable mobility, making Italy one of the largest producers of batteries for electric vehicles in Europe.