Tata Group, the owner of car giant Jaguar Land Rover, has confirmed plans to invest £4bn to build a battery plant in Somerset.
The Indian conglomerate has been locked in negotiations for months to secure state aid for the project, which would aim to produce 40 gigawatt hours (GWh) of batteries a year, enough to power hundreds of thousands of electric cars.
Rishi Sunak said: “Tata Group’s multibillion-pound investment in a new battery factory in the UK is testament to the strength of our car manufacturing industry and its skilled workers.
“With the global transition to zero emission vehicles well under way, this will help grow our economy by driving forward our lead in battery technology while creating as many as 4,000 jobs, and thousands more in the supply chain.
“We can be incredibly proud that Britain has been chosen as home to Tata Group’s first gigafactory outside India, securing our place as one of the most attractive places to build electric vehicles.”
More details soon …
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