30 Nov '17, 11am

UK Business Secretary confirms government investment in new EV battery facility

UK Business Secretary confirms government investment in new EV battery facility

Greg Clark confirmed details of the £120 million government flagship Faraday Battery Challenge investment into making the UK a world leader in the development and production of battery technology. £80 million is to be invested in a new state-of-the-art automotive battery development facility, the UK’s first ever facility of this kind, based in the West Midlands. The announcement follows a successful bid by a consortium led by Coventry and Warwickshire LEP and including Warwick Manufacturing Group. The government will shortly publish details of its Automotive Sector Deal agreement reached with industry, including a strategic vision that builds on the collaborative partnership established between government and the auto sector. The investment in the new National Battery Manufacturing Development Facility (NMDF) is part of a flagship government £246 million investment in batt...

Full article: https://www.renewableenergymagazine.com/electric_hybrid_v...

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