Jaguar already subcontracts I-Pace EV production to Magna Steyr in Austria
The UK would 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 at its current size, the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport said in a report.
And the group issued a stark warning of what could happen if the sector doesn’t step up its efforts with more investment along the lines of the £1.7 billion to build a factory capable of producing 30 gigawatts, or 300,000 battery packs, by 2028. “If a battery sector does not emerge in the UK, there is both the lost opportunity cost of the financial gains of batteries being captured elsewhere and in turn a risk that the existing automotive industry in the UK could diminish through moving to co-locate with battery production,” the organization claimed.
“With our strategy for every single Jaguar Land Rover model available as a full BEV by the end of the decade, we will retain our plant and assembly facilities in the home UK market and around the world, as cited in the Reimagine strategy. We continue to explore all options around the supply of batteries. No decisions have been made yet.”
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Carscoop - 🏆 306. / 63 Read more »