UK to Build New £1 Billion Gigafactory ...Middle East

OILPRICE - Economy
UK to Build New £1 Billion Gigafactory
source : OILPRICE ( Middle East ) () 56
Plans to create a £1bn 10GWh battery gigafactory in Coventry which will create over 1,000 jobs by 2030 have been revealed. Volklec, a battery manufacturing start-up which set up shop in the West Midlands city last year, has entered into an exclusive license agreement with China-based Far East Battery (FEB). The deal will see Volklec manufacture advanced lithium-ion batteries later this year from its base at the UK Battery Industrialisation Centre (UKBIC). That will then provide a base for the company to then work on plans for its gigafactory.…

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