According to recent rumors, Somerset is poised to be the selected site for a big electric vehicle battery production, which may produce thousands of job possibilities.
According to the BBC, Tata Group, the parent company of Jaguar Land Rover, is poised to finalize a deal that would see the United Kingdom prevail over Spain in the war for the building of the facility.
The breakthrough is an important milestone for the automotive sector in the United Kingdom, demonstrating a commitment to innovation and investment in the expanding electric vehicle (EV) market. According to sources acquainted with the situation, Tata’s chairman is set to meet with Prime Minister Rishi Sunak in the middle of the next week to discuss the initiative. While the agreement has yet to be finalized, conversations have progressed to the point of drafting one.
Chancellor Jeremy Hunt hinted at the deal’s imminence last week, saying, “All I would say is watch this space because we are very focused on making sure the UK gets that EV manufacturing capacity.” The proposed Bridgewater factory has the potential to provide about 9,000 employees, providing a considerable boost to the local economy.
Tata was apparently exploring a location in Spain, which, unlike the UK, is a member of the European Union. When contacted by the media, the corporation refused to comment on the claims.
This development comes as Stellantis, one of the world’s major car manufacturers, warned that without changes to the Brexit agreement, its commitment to building electric cars in the UK might be jeopardized, perhaps leading to plant closures. The owner of Vauxhall, Citroen, and Peugeot emphasized the need to “reinforce the UK’s competitiveness by establishing battery production in the UK.”
Britishvolt, a company with aspirations to build a big battery plant in the northeast of England, went out of business earlier this year. The business, which was seen as a major player in the UK’s battery market, lacked previous expertise in battery manufacture and failed to get the required capital.
