TATA Group To Invest $5.2 Billion To Build EV Battery Plant In The UK
India’s Tata Group plans to invest £4 billion ($5.2bn) to build an electric vehicle (EV) battery plant in Somerset, south-west England to supply its Jaguar Land Rover factories. Scheduled to become operational in 2026, the factory is expected to create 4,000 jobs and generate an initial output of 40-gigawatt hours (GWh). UK Prime Minister Rishi Sunak views the move as a major step in transitioning the country’s auto industry towards EVs. However, the exact amount of financial support the government provided to secure the investment remains undisclosed.
Source: https://www.mining.com/tata-group-to-build-5-billion-gigafactory-in-the-uk/
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