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.-
5 Stocks to Buy While They’re Trading at Big Discounts
-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
JPMorgan Investor Day: CEO Dimon Pushes Against More Stock Buybacks at Current Prices
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
3 Cheap and Dependable Dividend-Growth Stocks to Buy
-
The Best Bank Stocks to Buy
-
After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business