UK earmarks £1bn to attract EV battery gigafactory and kick start lithium ion economy

The UK Government has ramped up its efforts to attract a lithium ion battery megafactory / gigafactory in a bid to build a new domestic lithium ion economy with £1bn of funding to kick start the initiative.

Prime Minister Boris Johnson today outlined a UK economic recovery plan, in an FDR New Deal-inspired speech, which put lithium ion batteries and the supply chains that feed them at the centre of its coronavirus / Covid recovery plan.
The UK Government stated:
"We are making additional funding available this year to attract investment in ‘gigafactories’, which mass . . .


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