Tata will build the electric vehicle battery plant in Somerset which will create 4,000 jobs.
Jaguar Land Rover-owner Tata has confirmed plans to build its flagship electric car battery factory in the UK.
The new gigafactory, at 40GWh, will be one of the largest in Europe and will make batteries for Jaguar Land Rover vehicles like Range Rover, the Defender and the Jaguar brands. Batteries typically account for more than half of the value of an electric vehicle, so a reliable supply is expected to be vital for the future of the UK car industry.
Another proposed battery manufacturer, in the north east of England, Britishvolt, went into administration earlier this year.Shadow Business Secretary Jonathan Reynolds welcomed Tata's new plant, adding that Labour had plans for the car industry which he claimed would create tens of thousands of jobs.
However, sources said a significant level of subsidy has been provided, which are likely to be in the form of cash grants, discounts on the cost of energy, and training and research funding. The size of the incentive package has not been disclosed. Its chairman Darren Jones, said Tata's decision to site the new plant in the UK was "very welcome" but raised questions over the scale of the subsidies provided.
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