Tata chooses UK for new EV battery plant - Bloomberg
LONDON: India's Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition.
A government spokesperson said there was no update on any timelines for an announcement, while Tata declined to comment on the report. The plant would be a major win for Britain, which is trying to catch up in the global race to build electric vehicle battery capacity locally - vital for automakers which rely on heavy batteries being built near their car factories.
Homegrown battery production will also help British automakers comply with post-Brexit trade rules that will require them to source more electric vehicle components locally in order to avoid tariffs on UK-EU trade from 2024.
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