UK plans $1.25 bln investment in lithium battery capacity

July 04, 2020 / www.metalbulletin.com / Article Link

On Tuesday June 30, UK Prime Minister Boris Johnson laid out plans for the country to invest as much as ?1 billion ($1.25 billion) in battery manufacturing.

"We are making additional funding available this year to attract investment in 'gigafactories', which mass-produce batteries and other electric-vehicle components, enabling the UK to lead in the next generation of automotive technologies," Johnson said.

He announced ?10 million of immediate funding for research and development in the battery and electric motor...

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