Jaguar Land Rover (6do encyclopedia)

UK increasingly hopeful of securing JLR battery factory

Financial Times

23-05-19 17:19


UK ministers have offered a package of subsidies and incentives, including higher energy subsidies, as they seek to convince Tata Motors to build a flagship battery factory in the UK for Jaguar Land Rover’s electric cars, according to people close to the discussions. A decision on whether to build the plant in Somerset or in Spain is believed to be imminent. The company has requested £500m ($618m) of financial assistance from the UK government. British ministers have prioritised the establishment of the plant to support the country’s car industry as it struggles to switch to electric vehicle production ahead of Brexit. High UK energy prices compared with European Union rivals have been the main issue for Tata despite its historic links with the UK.

https://www.ft.com/content/7b737c9e-ff5b-42ce-9f27-6b35cd9b95b4
Record number of British firms pessimistic about China business - survey

Reuters

23-05-23 03:25


British companies are increasingly pessimistic about doing business in China due to strained geopolitical relationships, a slowing global economy, talk of self-sufficiency and shifting investor perceptions, according to a survey by the British Chamber of Commerce in China. The survey reveals a record number of firms are taking a "wait and see approach", with 70% saying it is too early to make long-term commitments to the market. Trade between the UK and China was worth £111bn ($140bn) last year, with China the UK's fourth largest trading partner.

https://www.reuters.com/world/uk/record-number-british-firms-pessimistic-about-china-business-survey-2023-05-23/