8fbd035081bd09934004bfc61d79c31c5d5d9ee4

Tagged: investment zone

West Midlands Gigafactory in advanced talks with leading Asian battery manufacturers

The West Midlands Gigafactory joint venture has confirmed that it is in advanced discussions with several leading Asian battery manufacturers about future investment at the Coventry site.

The West Midlands Gigafactory’s Coventry location is the only available site in the UK with planning permission in place for a large-scale battery production facility with capacity for up to 60GWh per annum – enough to power 600,000 electric vehicles. It is perfectly placed as a pioneering centre of excellence for battery technology and manufacturing, located at the heart of the UK’s manufacturing industry.

The ground-breaking location is the first of its kind in the UK is offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics designed to foster the UK’s growing battery ecosystem.

Read more: West Midlands Gigafactory appoints former Lotus director to spearhead global strategy

Speaking at the Labour Party Conference on Monday, Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council said, said, “The West Midlands Gigafactory site in Coventry is a prime location offering future investors an all-in-one solution for battery manufacturing, research, industrialisation and recycling. In addition, we are well-positioned to become an Investment Zone, which will deliver significant additional tax incentives and breaks for future investors.

“I’m pleased to report that we are now in advanced discussions with leading Asian battery manufacturers who want to develop a presence in the UK. We hope, with the support of the UK Government, that we will secure an investor and further strengthen our region’s leadership credentials in the shift towards electrification.”

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

“The site is perfectly located at the heart of the UK’s manufacturing industry in the West Midlands with access to world-class skills, talent

Read the rest

West Midlands Gigafactory in “advanced discussions” with Asian battery makers | News

The West Midlands Gigafactory (WMG) has confirmed it is in “advanced discussions” with multiple prominent Asian battery manufacturers regarding prospective investments at the EV-critical site. WMG; a public-private joint venture between Coventry Airport and Coventry City Council is perfectly placed to have a significant impact on the electrification drive in the UK, with this latest announcement bringing it one step closer to full-scale ramp up.

Situated at the epicentre of UK automotive production and the nation’s skills capital in Coventry, WMG stands as the only UK site with the necessary planning permissions for a large-scale battery production facility.

The West Midlands Gigafactory will be one of the key players in the UK's electrification drive

The site has a potential annual capacity of up to 60GWh, equating to the energy required to power 600,000 EVs. WMG represents a truly significant milestone for UK battery manufacturing and the drive towards electrification, offering an integrated solution encompassing battery research, industrialisation, manufacturing, testing, recycling and electrified logistics, all of which are aimed at fostering the nation’s burgeoning battery ecosystem.

Addressing the audience at the Labour Party Conference on Monday, Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration, and Climate Change at Coventry City Council, said: “The West Midlands Gigafactory site in Coventry emerges as an ideal location, providing prospective investors with a comprehensive solution for battery manufacturing, research, industrialization, and recycling.

“Furthermore, we are strategically positioned to be designated as an Investment Zone, which will bring forth substantial tax incentives and benefits for potential investors. We are delighted to announce that we are currently engaged in advanced discussions with prominent Asian battery manufacturers keen to establish their presence in the UK.

WMG will be one of the most significant transformations in UK industrial skills in a generation

“With the backing of the UK Government, we aim to secure an investor and further solidify our region’s leadership role in the transition towards electrification.

WMG will foster one of the most significant transformations in UK industrial skills

Read the rest