India's Tata to Build $5 Billion Battery Cell Gigafactory in the U.K.
By Yifan Wang
Indian conglomerate Tata Group said it will invest 4 billion pounds ($5.21 billion) to build a battery cell gigafactory in the U.K.
The project, to be carried out through Tata Group's principal investment holding company, Tata Sons, marks the group's first gigafactory outside its home country, it said in a statement on Wednesday.
The factory will supply electric-vehicle batteries and energy-storage solutions for customers in the U.K. and Europe, with the group's auto companies, Jaguar Land Rover and Tata Motors, as anchor clients.
The gigafactory will start supplying clients from 2026, with an annual capacity to produce 40 gigawatt-hours worth of battery cells, the company said.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
July 19, 2023 07:05 ET (11:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks