According to UK media sources on Tuesday, Tata Motors, owner of Jaguar Land Rover (JLR) plans for building a flagship electric vehicle battery plant in the UK.
The British government will view the factory’s selection of Somerset as a significant accomplishment. It expects to offer Tata Motors with financial incentives, energy subsidies, and other funding for research and training.
According to people close to the matter, the new facility in Somerset, southwest England, will be formally unveiled on Wednesday. According to its sources, the government will provide the new manufacturing subsidies worth hundreds of millions of pounds.
A total of 9000 jobs could be created in the Somerset region as a result of the investment. Nevertheless its significance is presented as a major boost for the UK’s automobile industry as it switches from producing gasoline and diesel engines to electric ones.
Tata Motors is bullish on electric vehicles and expects by 2030 half of its vehicle sales could constitute EVs. With Jaguar Land Rover portfolio getting electrified the race to EV adoption is only heating up in the world.
“The crucial point is that our [battery] supply underpinning is internal; as the anchor customer, we clearly have equity in ensuring that the best choices are made. Anywhere the manufacturing moves, it will be a proposal that is optimized for us, said JLR Chief Executive, Adrian Mardell.
