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.