UK wins and secures car battery ‘Gigafactory’
UK set to win battle with Spain over multi-billion pound and euro Jaguar Land Rover (JLR) battery plant for electric vehicles, which could create up to 9,000 jobs .
Although the deal has not yet been signed, the sources said the commitment had moved from negotiations to drafting, the BBC reported today.
The large 'gigafactory', as the battery factories are referred to, would produce electric car batteries for Jaguar Land Rover (JLR) and has been said to be vital for the UK to remain competitive in the electric vehicle race.
Tata – JLR's parent company – had been considering a site in Spain for the deal, but according to the BBC it should now choose Somerset for its location.
Last week, the British government warned Vauxhall owner Stellantis that if post-Brexit trade deals are not renegotiated, the company could risk closing some of its factories due to increased tariffs coming into force. next year.
The company said if the manufacturing costs of electric vehicles in the UK "become uncompetitive and unsustainable, businesses will close".
The automotive sector has repeatedly warned that the UK risks falling behind in the EV race if it doesn't improve its capacity to produce electric batteries locally.
Last week, Chancellor Jeremy Hunt was heard on Britain's electric vehicle strategy at the London Chamber of Commerce and insisted the government remains 'very focused' on ensuring Britain improves its manufacturing capacity of electric cars.
“All I would say is keep an eye on this space, because we are very focused on making sure the UK gets the capacity to produce electric vehicles,” he said.
So all European countries try to secure a strong base of battery production. All except Italy which, by now, seems resigned to losing its automotive industry. Seventy years of public contributions to private industry and investments canceled in one fell swoop.
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The article UK wins and secures car battery 'Gigafactory' comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-regno-unito-vince-e-si-assicura-una-gigafactory-di-batterie-per-auto/ on Thu, 25 May 2023 06:00:39 +0000.