Tata plans to build $5.2 billion EV battery plant in UK

Tata Sons chairman Natarajan Chandrasekaran said, “Our multibillion-pound investment will bring state-of-the-art technology to the country, helping to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR (Jaguar Land Rover).”

The new plant will not only supply batteries to JLR, but to other brands as well.

Britain’s government supposedly offered substantial financial subsidies to attract the auto giant to invest in UK, however, officials declined to comment, saying it was commercially sensitive information.

Vauxhall, Peugeot and other European car brands’ owner Stellantis warned in May that it would struggle to make electric cars in the UK due to the changes to trading relations under the Brexit deal, according to AP.

Stellantis while writing a letter to Parliament said that it was vital to reinforce the competitiveness of the UK by establishing battery production. The carmaker showed concern that it would face 10 percent tariffs when exporting electric vehicles to Europe.

Tata Group, one of India's largest conglomerates, had also announced its plans to establish a lithium-ion cell manufacturing giga factory in Gujarat on June 2.