India's Tata chooses UK as site for new EV battery plant

Robert Besser
28 May 2023, 13:56 GMT+10

The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound electric car battery plant in the UK
Tata's head will reportedly fly to London next week to finalize the agreement to build the battery factory in Somerset, southwest England, which could employ 9,000 people
A decision by Tata to choose the UK over Spain would represent a major coup for Prime Minister Rishi Sunak, who is under pressure to ensure the country is increasingly attractive to carmakers

LONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound electric car battery plant in the UK, adding that Tata, the Indian conglomerate, would choose the Uk site over Spain.

Tata's head will reportedly fly to London next week to finalize the agreement to build the battery factory in Somerset, southwest England, which could employ 9,000 people, the BBC added.

A decision by Tata to choose the UK over Spain would represent a major coup for Prime Minister Rishi Sunak, who is under pressure to ensure the country is increasingly attractive to carmakers.

Last week, finance minister Jeremy Hunt hinted at potential good news for the UK's EV battery manufacturing sector, stating, "Watch this space."

After major automakers, including Vauxhall owner Stellantis and Ford warned that post-Brexit trade rules risked making car-manufacturing unviable in the UK, Tata's investment would give a boost to the country's car industry.

The UK has fallen behind in the global race to build local battery capacity, threatening the future of its electric vehicle sector, while also facing the risk of tariffs on British cars under post-Brexit rules that will go into force in 2024.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Carolina Daily.

More Information

60 ℉

Partly Cloudy in Statesville

US Business

Section

Nasdaq Composite tumbles 209 points after Fed leaves rates unchanged

NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...

Federal Reserve losses surpass $100 billion, and still rising

WASHINGTON D.C.: Last week, the Federal Reserve said its losses surpassed the US$100 billion mark and will likely continue to ...

Wall Street falls ahead of Federal Reserve interest rate decision

NEW YORK, New York - U.S. investors fretted Tuesday while the U.S. central bank deliberated on whether to hike interest ...

Shaky consumer trust, labor cost hit holiday hires by US retailers

CHICAGO, Illinois: According to a report released by global outplacement and executive coaching firm Challenger, Gray & Christmas, U.S. retailers ...

U.S. stocks quiet ahead of Federal Reserve meeting on Tuesday

NEW YORK, New York - U.S. stocks stocks were quiet and little changed Monday, ahead of the Federal Reserve's monthly ...

Northrop Grumman, Lockheed sanctioned by China for sales to Taiwan

BEIJING, China: U.S. aerospace and defense firms Northrop Grumman and Lockheed Martin have been sanctioned by China for selling weapons ...

US

Section