Today news
About the same in other media
UK battery ‘gigafactory’ plans huge expansion as electric car demand soars
Reading now: 903
The Chinese owner of the UK’s only large-scale battery factory has revealed plans for a massive expansion that will put the plant in Sunderland among the biggest electric vehicle facilities in Europe.
Envision said annual capacity at the plant would eventually rise to 38 gigawatt hours (GWh), an increase from a previous plan of 11GWh that was announced in July as part of a supply deal for Japanese carmaker Nissan’s Sunderland plant.
Battery companies are investing billions of pounds around the world in new facilities as they race to match the accelerating demand for electric vehicles.
Lei Zhang, the chief executive of Envision, said the Shanghai-based company was in talks with global carmakers about using the Sunderland plant, and another in
Read more on theguardian.comAbout this in other media
Sharp slowdown in UK growth lends Sunak’s plan a hollow ring theguardian.com /2 years ago
Car firms agree at Cop26 to end sale of fossil fuel vehicles by 2040 theguardian.com /2 years ago
UK buy now, pay later start-up quadruples valuation to $2 billion, plans U.S. expansion cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
