Tata plans to invest 4 billion pounds to build a battery factory in the UK to supply 500000 cars

CTOnews.com, August 21, according to foreign media businessoutreach, Tata Group plans to build an electric vehicle battery factory in the UK, with an investment of 4 billion pounds (CTOnews.com Note: about 37.2 billion yuan at present), and plans to start mass production in 2026 with an annual production capacity of 40GW, aimed at shaping the future of electric vehicles in Europe.

It is understood that the battery factory can supply batteries to at least 500000 cars every year. At the same time, Tata Group is not only focused on production, but also seeks to foster partnerships covering the entire area.

It is worth mentioning that in this "war" to change the battery supply of electric cars in Europe, companies such as Mercedes-Benz, Stellantis and Nissan have moved in this direction, with most choosing to work with established battery manufacturers to strengthen Europe's battery ecosystem.