Tata plugs into UK automotive sector for $5.2 bn electric car gigafactory
Tata Sons, on Wednesday, announced a plan to invest £4 billion (around $5.2 billion) in an electric car battery factory with an initial annual output of 40 gigawatt hours (Gwh) in the UK. This would be the first gigafactory for EV batteries by Tata outside India and one of the largest ever investments in the UK automotive sector.
UK Prime Minister Rishi Sunak said this investment would not only create “thousands of skilled jobs for Britons” but would also strengthen its lead in the global transition to electric vehicles.
