London: The UK ready to secure a commitment from Tata Group to build a battery plant Supplying a new range of electric Jaguar and Land Rover models.
Tata has chosen a site in Somerset to the west EnglandOwned by the Salamanca Group, it is an investment and advisory business with roots in real estate, said people familiar with the plans. The Indian parent company of British Brands will outline its decision as soon as this week, the people said on condition of anonymity, discussing non-public information.
Tata had previously considered building its battery site in Spain, but the decision in favor of the UK will help secure the future JLRplants in its traditional domestic market. The cell factory will have a total capacity of 40 gigawatt hours, enough to supply about half a million vehicles per year, depending on the size of the batteries.
The decision marks a significant victory for the government and the auto industry, which is struggling to compete with green technology incentives in the US and EU. BritishVolt, the company at the heart of a proposed battery factory in the north east of England, went into administration earlier this year.
It will also be a significant political victory for PM Rishi Sunak. European carmakers are raising concerns about upcoming tariffs electric vehicles There have been warnings between the UK and the EU that assembling cars in the UK could become very expensive after Brexit rules come into force. UK efforts to persuade Brussels to delay the deadline have so far made no headway, potentially jeopardizing Britain’s car industry.
Tata has chosen a site in Somerset to the west EnglandOwned by the Salamanca Group, it is an investment and advisory business with roots in real estate, said people familiar with the plans. The Indian parent company of British Brands will outline its decision as soon as this week, the people said on condition of anonymity, discussing non-public information.
Tata had previously considered building its battery site in Spain, but the decision in favor of the UK will help secure the future JLRplants in its traditional domestic market. The cell factory will have a total capacity of 40 gigawatt hours, enough to supply about half a million vehicles per year, depending on the size of the batteries.
The decision marks a significant victory for the government and the auto industry, which is struggling to compete with green technology incentives in the US and EU. BritishVolt, the company at the heart of a proposed battery factory in the north east of England, went into administration earlier this year.
It will also be a significant political victory for PM Rishi Sunak. European carmakers are raising concerns about upcoming tariffs electric vehicles There have been warnings between the UK and the EU that assembling cars in the UK could become very expensive after Brexit rules come into force. UK efforts to persuade Brussels to delay the deadline have so far made no headway, potentially jeopardizing Britain’s car industry.