UK awards $510 million to Tata’s Agratas for Somerset EV battery gigafactory

Britain has awarded about 380 million pounds ($509.54 million) in funding to Agratas, the battery arm of India’s Tata Group, to support the transition to zero-emission vehicles, the government-backed Advanced Propulsion Centre (APC) said on Thursday.

Here are some details on the ‌announcement from ⁠the ⁠UK’s Advanced Propulsion Centre (APC), with the funding forming part of a ​broader 470 million pound grant: The investment forms part of a ​broader 470 million poundgovernment grant package and will support Agratas’ plannedgigafactory in Somerset, enhancing domestic electric vehicle(EV) battery ​production and strengthening supply chains forzero-emission ⁠transport, the ‌APC said.

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The grant to Agratas ​was proposed ​last year by theDepartment for Business and ⁠Trade. Agratas, established to support Tata Motors ​and JaguarLand Rover, is building what is ​set to be Britain’s largestelectric vehicle battery plant in Somerset, with expectedcapacity of about 40 gigawatt-hours. “

By funding our automotive sector, we are creating theright conditions for increased investment, economic growth, andjobs across the country,” ‌Minister for Industry Chris McDonaldsaid in a statement. The Somerset plant is expected to supply Jaguar ​LandRover and ​could in ⁠future also supply other carmakers, helpingsupport thousands of jobs.

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The remaining government grants were allocated towinners across major collaboration, research ​and development,and investment programmes run by the government, the APC said. APC works with the government and industry to supportinvestment in zero-emission vehicle and battery manufacturing inBritain.