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battery industry could see boost as Tata eyes Somerset for gigafactory investment","uk-battery-industry-could-see-boost-as-tata-eyes-somerset-for-gigafactory-investment","article/uk-battery-industry-could-see-boost-as-tata-eyes-somerset-for-gigafactory-investment",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":707,"featured":51,"reporter":708,"_editable":712,"component":713,"seo_title":553,"categories":714,"visibility":721,"author_company":49,"featured_image":722,"seo_description":707,"author_full_name":49,"author_job_title":49,"formattedDate":727,"formattedArticleDate":728},"fafc55ed-f54b-4aaa-9238-3843b37660e0","2023-05-26 00:00",[560,563],{"slug":561,"name":562},"tata","Tata",{"slug":564,"name":565},"uk","UK",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":577,"content":578},"doc",[579,586,591,606,619,624,629,636,641,646,659,664,669,674,679,684,697,702],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Tata Group, the Indian company that owns Jaguar Land Rover, looks set to pick the UK for the site of its new multi-billion-pound gigafactory, according to a report from the BBC.","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"The company has been considering either the UK or Spain as the location of a European gigafactory.",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594,596,604],{"text":595,"type":585},"If the plan goes ahead, the gigafactory could provide a significant boost to the UK’s ailing battery industry which suffered a setback earlier this year with the ",{"text":597,"type":585,"marks":598},"collapse of Britishvolt",[599],{"type":600,"attrs":601},"link",{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/uk-battery-pipeline-shrinks-after-britishvolt-collapse","url",{"text":605,"type":585},".",{"type":580,"attrs":607,"content":608},{"textAlign":49},[609,611,617],{"text":610,"type":585},"The UK needs ",{"text":612,"type":585,"marks":613},"200 gigawatt hours of battery production by 2030",[614],{"type":600,"attrs":615},{"href":616,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/uk-strategy-needs-to-align-with-battery-ambitions",{"text":618,"type":585},", according to Benchmark. This will require at least three more gigafactories, costing in total around £20 billion ($25 billion), according to Simon Moores, Benchmark’s chief executive.",{"type":580,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":585},"Currently, the UK only has one gigafactory with a capacity of 1.9 gigawatt-hours with Envision AESC’s plant in Sunderland.",{"type":580,"attrs":625,"content":626},{"textAlign":49},[627],{"text":628,"type":585},"The BBC reported that Tata’s chairman is expected to meet with Rishi Sunak, the UK’s prime minister, at some point next week.",{"type":630,"attrs":631,"content":633},"heading",{"level":632,"textAlign":49},4,[634],{"text":635,"type":585},"UK’s battery scene",{"type":580,"attrs":637,"content":638},{"textAlign":49},[639],{"text":640,"type":585},"Through a partnership with Nissan, Envision AESC plans to build a second gigafactory in Sunderland with a capacity of 35 GWh. This facility is expected to begin operations in 2025 with an initial capacity of 12 GWh.",{"type":580,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":585},"Beyond these, the UK has no other cell production capacity confirmed in the pipeline and it is unknown what size Tata’s potential UK gigafactory or investment could be.",{"type":580,"attrs":647,"content":648},{"textAlign":49},[649,651,657],{"text":650,"type":585},"The plant could alleviate some of the ",{"text":652,"type":585,"marks":653},"recent fears from the UK’s automotive industry",[654],{"type":600,"attrs":655},{"href":656,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/why-the-uk-auto-industry-is-worried-about-rules-of-origin-regulations-in-eu-trade",{"text":658,"type":585}," raised by “rules of origin” regulations that are set to come into force in 2024. These rules require 45% of the value of an EV and 60% of the value of an EV battery to be derived from the UK or the EU, lest a 10% tariff be imposed.",{"type":580,"attrs":660,"content":661},{"textAlign":49},[662],{"text":663,"type":585},"Stellantis and Ford, automakers with EV production plans in the UK, believe these rules could make operating in the UK untenable as there isn’t enough local capacity to meet demand.",{"type":580,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":585},"The presence of a Tata and the associated Jaguar Land Rover brand in the UK could send a positive signal to the market that a big name has faith in the ability to do business in the country.",{"type":580,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":585},"However, the UK will need more than gigafactories to catch up with neighbouring Europe in terms of a battery supply chain.",{"type":580,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":585},"“Whilst any commitment Tata might make towards constructing cell production capacity in the UK is a step in the right direction, more is needed across the supply chain to ensure the development of a resilient localised industry,” Evan Hartley, an analyst at Benchmark, said.",{"type":630,"attrs":680,"content":681},{"level":632,"textAlign":49},[682],{"text":683,"type":585},"Critical minerals and midstream processing",{"type":580,"attrs":685,"content":686},{"textAlign":49},[687,689,695],{"text":688,"type":585},"Even with sufficient battery production capacity and raw material deals in place, the UK will remain beholden to Europe, Asia and potentially the US if it doesn’t build up the ",{"text":690,"type":585,"marks":691},"midstream chemical processing",[692],{"type":600,"attrs":693},{"href":694,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/the-missing-middle-uks-first-lithium-refinery-highlights-need-for-domestic-battery-materials",{"text":696,"type":585}," and cathode and anode production in tandem.",{"type":580,"attrs":698,"content":699},{"textAlign":49},[700],{"text":701,"type":585},"The UK currently has no cathode or anode material production. Investment in gigafactories is key to attracting these producers, according to Moores.",{"type":580,"attrs":703,"content":704},{"textAlign":49},[705],{"text":706,"type":585},"“That 20 billion [pounds] unlocks the opportunities for the rest of the supply chain, and unlocks the electric vehicle industry here in the UK,” Moores said.","Tata Group, the Indian company that owns Jaguar Land Rover, looks set to pick the UK for the site of its new multi-billion-pound gigafactory, according to a report from the BBC. The company has been considering either the UK or Spain as the location of a European gigafactory. If the plan goes ahead, the gigafactory […]",[709],{"slug":568,"name":569,"content":710},{"job_title":571,"image":711,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"fafc55ed-f54b-4aaa-9238-3843b37660e0\", \"id\": \"\"}-->","article",[715,718],{"slug":716,"name":717},"batteries","Batteries",{"slug":719,"name":720},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":723,"name":723,"focus":723,"title":723,"source":723,"filename":724,"copyright":723,"fieldtype":725,"meta_data":726,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/e85b20ebb4/bm-jag-i-pace-21my-exterior-charging-portofino-blue-020620-001-1.jpg","asset",{"alt":723,"title":723,"source":723,"copyright":723},"May 26, 2023","26th May 2023",[],[],1789748857938]