Government confirms £1bn investment package for Sunderland gigafactory

James Murray
clock • 3 min read
An electric vehicle factory
Image:

An electric vehicle factory

Package of loan guarantees and grants to unlock investment in AESC gigafactory capable of producing batteries for 100,000 electric vehicles a year

The UK is poised to see a six-fold increase in its electric vehicle (EV) battery manufacturing, after it was today confirmed that plans for a new state-of-the-art gigafactory in Sunderland are set to proceed....

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 Automotive

Electric 4x4 vehicle specialist Munro reveals £17m order book

Electric 4x4 vehicle specialist Munro reveals £17m order book

Munro Vehicles announces new chairman and confirms preliminary orders for almost 250 all-electric 4x4s from commercial and private customers

Stuart Stone
clock 11 July 2025 • 3 min read
'We have firmly crossed the tipping point': EVs account for one in four new cars sold in June

'We have firmly crossed the tipping point': EVs account for one in four new cars sold in June

Latest figures from New Automotive demonstrate ZEV mandate is working to boost electric car sales

clock 04 July 2025 • 4 min read
Nearly 9,000 new EV chargers installed in first half of 2025

Nearly 9,000 new EV chargers installed in first half of 2025

Latest figures from Zapmap indicate UK could be on track to meet target of 300,000 chargers by 2030

clock 03 July 2025 • 4 min read