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The new Somerset gigafactory will be one of the largest in Europe, with a production capacity of 40GWh, and will provide batteries for Jaguar Land Rover vehicles, as well as other manufacturers, from 2026.
Tata's £4bn investment which will see some 4,000 jobs created in the UK and thousands more across the supply chain, will also be subsidised by the UK government. The UK intends to ban sales of new petrol and diesel cars by 2030 and is working towards a series of net zero goals.
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"With the global transition to zero emission vehicles well underway, this will help grow our economy by driving forward our lead in battery technology whilst creating as many as 4,000 jobs, and thousands more in the supply chain," said Prime Minister Rishi Sunak.
The plant is the first Tata has committed to outside India and follows Envision's 6GWh plant in the North East. The investment is a welcome boost to the UK's EV industry, with 35 battery plants already open, under construction or planned in the EU.
Formula E CEO, Jeff Dodds, commented “Tata’s investment in the UK’s e-mobility sector is incredible news and sends a powerful and positive signal that the future is electric. We are excited to see the impact of this investment on the local economy and the wider adoption of EVs. The ABB FIA Formula E World Championship is home to manufacturer teams including Jaguar TCS Racing who are pioneering EV innovations and race to road technology transfer. Tata’s commitment is another big step forwards towards a cleaner, electric future.”
WATCH: Catch every second of Formula E's season finale
The 2022/23 ABB FIA Formula E World Championship is set for its London finale with a double-header on 29 & 30 July and four drivers could still win World Championship honours. Secure your seat now.