UK’s first car battery ‘gigafactory’ to be built by 2 British startups

UK’s first car battery ‘gigafactory’ to be built by 2 British startups

Two British startups, AMTE Power and Britishvolt have announced plans to invest as much as £4bn in building the UK’s first large-scale battery factory to enhance the country’s car industry.

Lars Carlstrom, the chief executive of Britishvolt, said the companies had an ambition to build facilities producing batteries with capacity of as much as 30 gigawatt hours (GWh) a year, which would be roughly equivalent to the joint Tesla-Panasonic Gigafactory in Nevada. A factory of that size would create as many as 4,000 jobs, he said.

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