Tata Sons has announced its plans to establish a global battery cell gigafactory in the United Kingdom (UK). This state-of-the-art facility will have a production capacity of 40GW annually, contributing to electric mobility and renewable energy storage solutions for customers in the UK and Europe.
Investment and Green Tech Ecosystem
This ambitious project involves an investment of over £4 billion, reflecting the Tata group’s commitment to sustainable practices and establishing a competitive green tech ecosystem in the UK. The gigafactory will play a pivotal role in driving the transition to electric mobility and renewable energy.
Tata Group’s Commitment to the UK
N Chandrasekaran, Chairman of Tata Sons, expressed his delight in announcing one of Europe’s largest battery cell manufacturing facilities in the UK. He emphasized the strategic importance of this investment for the Tata group and the automotive sector’s transition to electric mobility. The company’s commitment to the UK is further strengthened through various operations in technology, consumer goods, hospitality, steel, chemicals, and automotive sectors.
UK Prime Minister’s Response
UK Prime Minister, Rishi Sunak, commended Tata group’s decision to build their new gigafactory in the UK. He highlighted the significance of this investment, which not only creates thousands of skilled jobs but also strengthens the UK’s position in the global electric vehicle transition.
Gigafactory Details
The battery gigafactory will produce high-quality, high-performance, and sustainable battery cells and packs for various applications in the mobility and energy sectors. Starting production in 2026, the facility aims to maximize its use of renewable energy, striving for a 100% clean power supply. Innovative technologies, such as battery recycling, will be employed to create a circular economy ecosystem by recovering and reusing all original raw materials.
About the Tata Group
Founded in 1868 by Jamsetji Tata, the Tata Group is a global enterprise headquartered in India. With 30 companies across ten verticals, the group operates in more than 100 countries worldwide. The Tata Group’s mission is to improve the quality of life globally through long-term stakeholder value creation based on Leadership with Trust.
Tata Sons and Philanthropy
Tata Sons serves as the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital is held by philanthropic trusts, which support education, health, livelihood generation, art, and culture.
Financial Overview
In the fiscal year 2021-22, Tata companies collectively generated revenue of $128 billion (INR 9.6 trillion) and employed over 935,000 people. There are 29 publicly listed Tata enterprises with a combined market capitalization of $311 billion (INR 23.6 trillion) as of March 31, 2022.
