Tata, the India-based conglomerate, announced on Wednesday that it would build a 4 billion pound ($5.2 billion) battery plant in western England, a commitment sought by the auto industry and lawmakers hoping to stem fears of an exodus of car manufacturers from Britain.
Tata owns Jaguar Land Rover, the Britain-based automaker, and the company’s factories in Britain would be important customers for the batteries.
The government said the plant, which would create 4,000 jobs, could eventually produce almost half of the electric-car batteries needed by Britain by 2030.
The announcement was made possible by a large package of subsidies offered by the government of Prime Minister Rishi Sunak.
Until now, Britain’s only other battery facility was one linked to the country’s largest car plant, operated by Nissan in northeast England.
Persons:
Rishi Sunak
Organizations:
Tata, Jaguar, Rover, European Union, Nissan
Locations:
India, England, Britain, British