Reports: China's EVE Energy eyes £1.2bn investment in Coventry gigafactory

Stuart Stone
clock • 3 min read
 Credit: West Midlands Gigafactory
Image:

Credit: West Midlands Gigafactory

BMW battery supplier in talks to invest more than £1bn in West Midlands facility that could become UK's largest gigafactory, reports claim

Chinese electric vehicle (EV) battery maker EVE Energy is reportedly in talks to invest in the region of £1bn in a new UK gigafactory on the outskirts of Coventry. The firm, which supplies batteries...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Clean Energy Transition Partnership: Countries slash overseas fossil fuel finance 80 per cent

Clean Energy Transition Partnership: Countries slash overseas fossil fuel finance 80 per cent

Analysis shows continued global delivery on cutting fossil fuel finance from 40 counties and regions signed up to the CETP, but warns only 42 per cent of this is redirected to clean energy

clock 28 October 2026 • 4 min read
'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

European Investment Bank (EIB) unveils plans to double investment in climate resilient infrastructure, agriculture, and technologies

clock 23 October 2026 • 2 min read
National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund provides £41.7m cornerstone equity investment to Cornish Metals to support the reopening of the South Crofty tin mine in Cornwall

clock 22 October 2026 • 3 min read