The government said the factory would create up to 4,000 jobs, with further jobs expected to be created in the supply chain.
PM Sunak stated, "With the global transition to zero emission vehicles well underway, this will help grow our economy by driving forward our lead in battery technology whilst creating as many as 4,000 jobs, and thousands more in the supply chain."
Apart from the UK, the Indian Group had also been considering Spain for its new factory. N Chandrasekaran, Chairman, Tata Sons, said, that the Group is deeply committed to a sustainable future across our business.
"Our multi-billion-pound investment will bring state-of-the-art technology to the country, helping to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR," he said.
Chandrasekaran also mentioned that with the strategic investment, the Tata Group has further strengthened its commitment to the UK.
Britain is trying to catch up in the global race to build electric vehicle (EV) battery capacity locally - vital for automakers which rely on heavy batteries being built near their car factories.
The investment will be crucial to boosting the UK’s battery manufacturing capacity needed to support the electric vehicle industry in the long term. With an initial output of 40GWh, it will also provide almost half of the battery production that the Faraday Institution estimates the UK will need by 2030.
Also Read: TCS, HCLTech, Wipro : Indian IT companies push for work from office
Also Read: OpenAI's Sam Altman, Google's Sundar Pichai asked to pay for using works of over 8000 authors to train AI