UK plans $1.25 bln investment in lithium battery capacity

On Tuesday June 30, UK Prime Minister Boris Johnson laid out plans for the country to invest as much as £1 billion ($1.25 billion) in battery manufacturing.

“We are making additional funding available this year to attract investment in ‘gigafactories’, which mass-produce batteries and other electric-vehicle components, enabling the UK to lead in the next generation of automotive technologies,” Johnson said.

He announced £10 million of immediate funding for research and development in the battery and electric motor...

Published

William Clarke

July 03, 2020

16:55 GMT

London