The West Midlands Gigafactory joint venture confirmed talks with several Asian battery manufacturers about future investment in Coventry. This site is the only one in the U.K. with planning permission for cell manufacturing with a capacity of up to 60 gigawatt hours per year, according to West Midlands.
During his speech at the Labour Party Conference on Monday, Jim O’Boyle, cabinet member for jobs, regeneration, and climate change at Coventry City Council, shared, “I’m pleased to report that we are now in advanced discussions with leading Asian battery manufacturers who want to develop a presence in the UK. We hope, with the support of the UK Government, that we will secure an investor and further strengthen our region’s leadership credentials in the shift towards electrification.”
The site is located in the West Midlands and has good transport infrastructure for logistical requirements, supply chains, and access to up to 6,000 employees. The West Midlands Gigafactory is expected to serve as a catalyst for strengthening high-value skills and research in the region. A comprehensive regional incentive package will be provided to offer favorable tax conditions and access to clean, sustainable energy required for competitive battery production.