Chinese giant set to invest £1.2 billion in new UK gigafactory potentially creating 6000 jobs

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Image: Credit: West Midlands Gigafactory

EVE Energy, a Chinese electric vehicle battery manufacturer, is in talks to invest more than £1 billion in the construction of a massive new gigafactory on the outskirts of Coventry.

This proposed factory, spanning an impressive 5.7 million square feet, would play a pivotal role in the planned UK Centre for Electrification in the West Midlands region.

The substantial investment could potentially lead to the creation of up to 6,000 jobs and would involve collaboration with local councils and Coventry airport, where the facility is intended to be situated. EVE Energy is contemplating an initial investment of £1.2 billion for the project, with the possibility of further expansion in subsequent phases.

This development comes on the heels of Tata Group’s commitment last year to invest £4 billion in constructing an electric car battery gigafactory in Somerset, UK, a move expected to generate 4,000 new jobs. The West Midlands, already home to various car manufacturing facilities and the UK’s largest battery research center, is strategically positioning itself as a leading hub for EV battery production and innovation.

The proposed gigafactory in Coventry has the potential to attract additional private funding of up to £2 billion, contingent upon securing significant subsidies from the UK government. Discussions with potential investors, including prominent Asian battery manufacturers, have been underway since October 2023.

While a spokesperson for the project confirmed discussions with global battery manufacturers, specific details remain confidential. The government has reiterated its commitment to supporting automotive manufacturing in the UK’s transition to electric vehicles, emphasising the prudent use of taxpayer funds.

The spokesperson for the project said:

“Based in Coventry, West Midlands Gigafactory is the only available site in the UK that sits within an investment zone and has planning permission for a large-scale battery manufacturing facility.

“We are in discussions with a number of global battery manufacturers, but these remain confidential.”

3 COMMENTS

  1. One day the 17.4m people that voted leave will say to the remainers/remoaners/rejoiners “told you so” my message to all the remoaners like Michael Heseltine, Ken Clarke and Andrew Adonis is ” prepare to look a fool for trying to stop brexit”

  2. An AFD MEP brilliantly explains on a YouTube video that the EU has a undemocratic way to make laws. I think the video is made by Risk eu, Is Immigration A Risk to Europe

  3. Putting money in the pockets of the Chinese Communists – who use small African children to mine the rare earth metals used to make these batteries – the Conservative Party has lost my vote!

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