UK Government Grants £380m to Tata's Agratas Battery Factory for JLR Supply
The UK government has announced a £380 million grant to support the construction of a new electric vehicle battery gigafactory in Somerset, owned by Tata's subsidiary Agratas. The facility is intended to supply batteries to Jaguar Land Rover (JLR) for its upcoming electric Range Rover and Jaguar models. Business Secretary Peter Kyle confirmed the funding aims to boost economic growth and secure approximately 4,200 long-term jobs. Despite facing delays in production timelines and scaling back the initial physical footprint, the plant targets a capacity of 40 gigawatt hours annually by late 2027. This investment underscores the UK's industrial strategy amidst global shifts in EV adoption and fluctuating petrol prices.
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UK Government Grants £380m to Tata's Agratas Battery Factory for JLR Supply
The UK government has announced a £380 million grant to support the construction of a new electric vehicle battery gigafactory in Somerset, owned by Tata's subsidiary Agratas. The facility is intended to supply batteries to Jaguar Land Rover (JLR) for its upcoming electric Range Rover and Jaguar models. Business Secretary Peter Kyle confirmed the funding aims to boost economic growth and secure approximately 4,200 long-term jobs. Despite facing delays in production timelines and scaling back the initial physical footprint, the plant targets a capacity of 40 gigawatt hours annually by late 2027. This investment underscores the UK's industrial strategy amidst global shifts in EV adoption and fluctuating petrol prices.
The Guardian