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Tata Sons to set up £4 bn battery factory in UK
Mint Mumbai
|July 20, 2023
Tata Sons on Wednesday said it would invest £4 billion ($5.16 billion) to establish a new 40GW battery cell gigafactory in the UK.
The cells will be utilized to supply to group companies Tata Motors and Jaguar Land Rover for their electric vehicles, as well as cater to renewable energy storage solutions for customers in Europe and the UK, the company said in a press release. “JLR and Tata Motors will be anchor customers, with supplies commencing from 2026", it said.
The factory is likely to be housed under Tata’s cell manufacturing subsidiary Agratas. The Tata Group announced last month it will invest over ₹13,000 crore to set up a 20GW lithium-ion cell manufacturing factory in Sanand, Gujarat.
यह कहानी Mint Mumbai के July 20, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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