The Italian startup takes over the site of a former Olivette factory in the Piedmont region, where it plans to build a battery factory to help meet rising demand and production for electric vehicles.
Italvolt, a battery cell manufacturing startup, has agreed to a land purchase in Scarmagno, in the Piedmont region in Italy’s north west, which is set to become the site of one of the largest battery gigafactories planned in Europe.
Italvolt will purchase an area of around 1m sq.m from Prelios Sgr, manager of Fondo Monteverdi, at the site of a former factory of Olivetti, an Italian telecoms group.
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