It has been announced today that Tata Motors, owner of Jaguar Land Rover, is to invest over £4 billion in an UK electric vehicle battery plant. Based in Somerset, this is expected to be one of Europe’s largest battery cell manufacturing facilities and will created thousands of skilled jobs for Britons across the country.
Commenting on this, Jon Lawes, Managing Director of Novuna Vehicle Solutions, one of the UK’s largest leasing companies, said: “Today’s decision by Jaguar Land Rover to build a gigafactory in Somerset is a milestone moment for the UK on the road to creating resilient, domestic next generation supply chains required to scale up EV production.
“Whilst China continues to dominate EV battery manufacturing globally, this move goes a long way to reducing our reliance on external markets and mitigate the long-term impact of EU tariffs which are hanging over the industry.”
