by Tata Group, an Indian multinational conglomerate, has announced plans to invest over $5.2 billion in a gigafactory for electric vehicle (EV) batteries in the United Kingdom. The factory, which will be located in the West Midlands, is expected to create up to 3,000 jobs during construction and 10,000 jobs once operational.
The factory will be able to produce 30 gigawatt-hours (GWh) of batteries per year, enough to power around 1 million electric vehicles. The batteries will be used in a range of Tata Group vehicles, including electric cars, buses, and trucks.
The investment is a significant boost for the UK’s EV industry. The UK government has set a target of 600,000 electric vehicles on the road by 2030, and the Tata gigafactory will help to meet this target.
“This is a major vote of confidence in the UK as a leading destination for investment in the electric vehicle industry,” said UK Prime Minister Boris Johnson. “The gigafactory will create thousands of high-quality jobs and boost our supply chain, helping to level up the country.”
The Tata gigafactory is expected to start production in 2024.
