UK In The Running For $8 Billion Battery Gigafactory ...Middle East

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UK In The Running For $8 Billion Battery Gigafactory
source : OILPRICE ( Middle East ) () 36
The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets. The UK set up its Automotive Transformation Fund last year, through which it invested £1bn into industrial electric vehicle supply chain projects on home soil. ProLogium, a Taiwanese lithium battery manufacturer,…

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