Jaguar Land Rover plans to build a new lithium-ion battery plant in the UK instead of Spain. The decision follows the UK Government’s promise of funding and other incentives for battery manufacturing investments.
The plant will be the first major foray into the battery technology space for Jaguar Land Rover and is expected to become a leader in the production of next generation battery technology. It is part of an ongoing partnership with the UK Government, which is aiming to grow the electric vehicle industry and ensure the country remains at the forefront of automotive technology.
The battery plant will be powered by renewable energy sources and is expected to provide enough energy to power up to half a million electric vehicles a year. It is also expected to provide jobs to several thousand people in the area and generate billions of pounds in economic value for the UK.
Jaguar Land Rover’s decision to build the battery plant in the UK, instead of Spain, is the latest example of how the British carmaker is fuelling the UK’s ambitions to become a global leader in electric vehicle technology and manufacturing.