Revolutionizing Green Mobility: UK's New Gigafactory
The UK announced a £1 billion deal to establish a gigafactory in northern England for electric vehicle batteries. This facility will be operated by AESC, a Japanese battery manufacturer, marking a significant step towards sustainable mobility and boosting the local economy. The exchange rate is $1 = 0.7535 pounds.
- Country:
- United Kingdom
The UK government has unveiled a £1 billion funding deal to construct a state-of-the-art gigafactory in northern England, dedicated to producing electric vehicle batteries.
Slated to be operated by AESC, a leading Japanese battery manufacturer, this new facility will play a crucial role in supporting the country's sustainable mobility ambitions.
With an exchange rate of $1 equaling 0.7535 pounds, this investment marks a monumental shift in the UK's approach to electric vehicle infrastructure and economic revitalization.
(With inputs from agencies.)
- READ MORE ON:
- UK
- gigafactory
- electric vehicle
- AESC
- batteries
- investment
- sustainability
- mobility
- economy
- Japan
Advertisement
ALSO READ
Litigation, Reformulation, and Investment: A Monday Health News Roundup
Sungrow Crowned Leader in Inverters and Batteries in Australia
Hong Kong's Strategic Investment Shift
Europe's Power Grid Crisis: A Call for Massive Investments
Euronext Propels Europe's Strategic Autonomy with Defence Investment Initiatives
Google News