Tata Group will invest £4 billion in a UK gigafactory

The Department for Business & Trade of the UK announced that Tata Group will invest more than £4 billion in the country to build a gigafactory. This happens to be one of the largest-ever investments in the automotive sector in the UK. The gigafactory will secure UK-produced batteries for another Tata Sons investment, Jaguar Land Rover, and its future battery electric models including the Range Rover, Defender, Discovery, and Jaguar brands, with the potential to also supply other car manufacturers. Production at the new gigafactory is due to start in 2026. The new gigafactory, at 40GWh, will be one of the largest in Europe. This initial output will provide almost half of the battery production that the Faraday Institution estimates the UK will need by 2030. It will create up to 4,000 highly skilled jobs, as well as thousands of further jobs in the wider supply chain for battery materials and critical raw minerals, helping grow the economy and take forward the UK’s commitment to net zero.