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....

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