[RahulNagaraj]

Tata Motors is planning to build a battery plant in the UK to power Jaguar Land Rover's future electric vehicles.

The Indian carmaker, which owns JLR, is said to be planning to partner with Envision - a Chinese battery maker, which could result in setting up and operating a factory in Somerset, UK. For this, Tata is seeking more than £500 million in aid from the UK government via grants, support packages, assistance for energy costs and research funding. The company has given UK ministers a few weeks to pledge the required financial support. If the funds aren't received, Tata could move its battery plant to Spain.



Reports state that the UK government has offered JLR a funding package larger than most of its rivals in the European Union. However, the higher energy costs are said to be the key issue, which is yet to be resolved.

The JLR & Envision were supposed to announce the partnership last year. But the plans got delayed because of the UK Prime Minister being replaced. Another reason was that Tata had also been seeking aid from the government for its UK Steel Business, for which it received £300 million.

Source: Telegraph

Link to Team-BHP news

[udzgodfather]

Originally Posted by RahulNagaraj

If the funds aren't received, Tata could move its battery plant to Spain.

Why not India? Indian government would be more than happy for such plant setting shop in India, with the recent findings of Lithium in J&K even the Tata's should want and need to set shop here to curb undue expenses.

On a OT note, its time we should start utilizing the benefits of having Jijaji/Son In Law sitting in the Number 10.