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UK In The Running For $8 Billion Battery Gigafactory

admin by admin
September 6, 2022
in News
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The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally.
The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets.
The UK set up its Automotive Transformation Fund last year, through which it invested £1bn into industrial electric vehicle supply chain projects on home soil.
ProLogium, a Taiwanese lithium battery manufacturer, is now scouting for the location of its first major factory in Europe, which will see $8bn (£6.9bn) worth of investment poured into it over the next decade.

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