Honda’s 2021 departure was a bigger blow to the UK’s automotive industry than Ford’s engine plant in Bridges shut down a year ago, and now it looks like things could get even more shaky.
Jaguar Land Rover (JLR) is in talks with NorthVault and Esvolat Energy about batteries for EVs, a UK company may choose to build in Slovakia, according to a report. Bloomberg, Although car manufacturers say they have not yet made a decision. Jaguar has already subcontracted production of the I-Pace electric vehicle with Austria’s Magna Stear, but most JLR production consists of ICE vehicles and is performed in the UK.
Both companies are adopting EVs, Land Rover has promised to introduce multiple EV models starting in 2024, and Jaguar will be all-electric by 2025, so the need for additional batteries will become important up front. And that’s something the UK isn’t ready to deliver, experts say.
Although the UK was at the forefront of EV production a decade ago when Nissan’s Sunderland plant was chosen to make the original leaf, and the country has invested in battery research, it has not been able to keep up with competing states in actual battery production. Bloomberg Claim
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The UK will need to increase its current battery production output by 45 times to more than 90 gigawatts to be able to supply enough battery packs to keep the country’s car industry in its current state, says the Coalition for the Carbonization of Road Transport at the Green Finance Institute. In a report
And the group has issued a stern warning about what could happen if the sector does not step up its efforts with further investment, or 300,000 by 2028, along the recently secured £ 1.7 billion ($ 2.29 billion) line secured by BritishVault to build a plant capable of producing 30 gigawatts. Battery pack.
“If a battery sector does not emerge in the UK, the lost opportunity of financial gain of the battery is both captured elsewhere and consequently a risk that the existing automotive industry in the UK may be reduced by co-location. Battery production,” the company claimed.
Source: Bloomberg via Auto News