The deal comes after months of talks with the UK Government to secure subsidies for the project.<\/p>\n
It is expected that the battery factory in Somerset will create 4,000 new direct jobs and thousands more along the supply chain.<\/p>\n
Jaguar Land Rover and Tata Motors are set to be anchor customers, with supplies beginning in 2026.<\/p>\n
The new electric car battery gigafactory, which will produce enough batteries to power hundreds and thousands of electric cars, will be a major boost to the UK car industry.<\/p>\n
The move marks a step in the right direction for the UK\u2019s transition to clean energy, as we near the 2030 ban on the sale of new ICE vehicles.<\/p>\n Batteries generally make up half of the value of an electric car, which is why a reliable supply is necessary for the future of the British automotive industry.<\/p>\n While the EU and the US have pushed ahead with battery manufacturing plans, the UK’s battery industry<\/a> has been falling behind.<\/p>\n Experts have warned parliament that urgent action is needed to help build up domestic battery manufacturing.<\/p>\n The UK only has one electric car battery factory currently in operation next to Nissan\u2019s Sunderland factory. Another proposed battery gigafactory, led by battery startup Britishvolt, collapsed into administration earlier this year.<\/p>\n Comparatively, the EU has 35 battery plants planned, under construction, or open.<\/p>\n When I think of the iconic cars designed and made in Britain throughout history my mind goes to Aston Martin, Rolls Royce, Jaguar and Land Rover.<\/p>\n Today marks a landmark day for the British auto industry and for two of those iconic brands in particular \ud83d\udc47\ud83e\uddf5 pic.twitter.com\/etqDpZeWL9<\/a><\/p>\n — Rishi Sunak (@RishiSunak) July 19, 2023<\/a><\/p><\/blockquote>\n![\"jlr\"](\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2023\/07\/\u00a9-shutterstockTricky_Shark_2223790433-300x169.jpg\")
An electric car battery factory is welcome in the UK<\/h3>\n
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