Robert Besser
28 May 2023, 13:56 GMT+10
LONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound electric car battery plant in the UK, adding that Tata, the Indian conglomerate, would choose the Uk site over Spain.
Tata's head will reportedly fly to London next week to finalize the agreement to build the battery factory in Somerset, southwest England, which could employ 9,000 people, the BBC added.
A decision by Tata to choose the UK over Spain would represent a major coup for Prime Minister Rishi Sunak, who is under pressure to ensure the country is increasingly attractive to carmakers.
Last week, finance minister Jeremy Hunt hinted at potential good news for the UK's EV battery manufacturing sector, stating, "Watch this space."
After major automakers, including Vauxhall owner Stellantis and Ford warned that post-Brexit trade rules risked making car-manufacturing unviable in the UK, Tata's investment would give a boost to the country's car industry.
The UK has fallen behind in the global race to build local battery capacity, threatening the future of its electric vehicle sector, while also facing the risk of tariffs on British cars under post-Brexit rules that will go into force in 2024.
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationFREMONT, California: This week, brain-chip startup Neuralink, owned by billionaire Tesla CEO Elon Musk, said an independent review board granted ...
BOSTON, Massachusetts: Officials said that a Delta flight from Chicago to Boston that was possibly struck by lightning landed safely ...
JAKARTA, Indonesia: An Indonesian court sentenced Lina Lutfiawati, also known as Lina Mukherjee, to two years in prison this week ...
HONG KONG: The Chinese Foreign Ministry has issued a request to all foreign consulates in Hong Kong, seeking the personal ...
MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...
CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...
ISLAMABAD, Pakistan - The government has warned all information technology (I.T.) and financial institutions, including regulators, to avoid using "Indian ...
DHAKA, Bangladesh - Hundreds of articles purportedly written by independent experts praising Bangladeshi government policies have appeared in national and ...
Siliguri (West Bengal) [India], September 24 (ANI): A day after writing to the Speaker against Bharatiya Janata Party (BJP) MP ...
Bhopal (Madhya Pradesh) [India], September 24 (ANI): Madhya Pradesh Chief Minister Shivraj Singh Chouhan took a jibe at the Congress's ...
Mumbai (Maharashtra) [India], September 24 (ANI): Shiv Sena (Uddhav Balasaheb Thackeray) MP Sanjay Raut said that the language used against ...
New York [US], September 24 (ANI): External Affairs Minister S Jaishankar on Saturday (local time) held a bilateral meeting with ...