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Seri Industrial S.p.A. ( (IT:SERI) ) has issued an announcement.
Seri Group has secured a 150 million euro financing deal to expand Italy’s first Gigafactory for lithium cells and batteries, supported by a consortium of banks and SACE’s Archimede guarantee. This expansion, part of the Teverola 2 project, aims to bolster Europe’s battery supply chain, reduce reliance on external sources, and promote a circular economy through recycling initiatives, positioning Seri Group as a key player in the energy transition.
More about Seri Industrial S.p.A.
Seri Industrial S.p.A. operates in the energy sector, focusing on the production of lithium cells and batteries. The company is dedicated to advancing the European lithium-ion battery supply chain, contributing to the energy transition and promoting electric mobility and renewable energy development.
YTD Price Performance: -32.22%
Average Trading Volume: 369
Technical Sentiment Signal: Strong Buy
Current Market Cap: €84.75M
See more insights into SERI stock on TipRanks’ Stock Analysis page.