• Sunday, July 14, 2024

Business

Jaguar to pick UK over Spain for battery plant: Report

Tata Motors boss is expected to fly into Britain next week to finalise the deal

Jaguar Land Rover reported revenues of £6.9 billion for the April-June quarter. (Photo by Christopher Furlong/Getty Images)

By: easterneye.biz Staff

Tata Motors, the Indian owner of carmaker Jaguar Land Rover, is set to select Britain over Spain to for a giant battery plant employing up to 9,000 people, the BBC reported Wednesday (24).

The broadcaster, citing sources familiar with the matter, added that the boss of Tata Motors was expected to fly into Britain next week to finalise the deal and meet with Prime Minister Rishi Sunak.

The factory will be built in Somerset, southwest England, after the site beat off competition from Spain, according to the report.

The deal has not yet been signed but preparations are underway over how to present the agreement, the sources told the BBC.

The UK government did not respond to a request for comment.

The Financial Times newspaper had reported earlier this year that Tata had requested £500 million from London to help it build the plant in Somerset.

Environmental campaign group Greenpeace welcomed Wednesday’s report.

“Securing this gigafactory was critical to ensuring the UK even has a car manufacturing sector going forward,” said Greenpeace UK policy director Doug Parr.

“But the thousands of jobs it will create demonstrates the huge advantages that come with investing in home-grown green tech.”

Britain plans to ban the sale of new high-polluting diesel and petrol cars from 2030, forcing its car manufacturing sector to switch production to electric vehicles.

That target is part of its long-standing goal to achieve net zero carbon emissions by 2050 in order to help tackle climate change.

(AFP)

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