Ford and South Korea’s LG Energy Solution have scrapped plans to build an electric vehicle battery plant in Turkey after their local partner Koc Holding withdrew from the project. Koc Holdings said it was pulling out of the deal due to concerns over the rate of EV adoption in Europe and timing of the project in view of the current economic slowdown in the region. The three companies … [Read more...]
Nissan decision puts pressure on Ellesmere Port investment
Britain is charging up for a battery cars’ future. Nissan said today that its Sunderland car plant is secure for the long term as a result of the trade deal reached between the UK and the EU. It already makes traction batteries next to its Sunderland assembly plant and now says additional battery production will be invested where it has 6,000 direct employees and supports nearly 70,000 jobs in … [Read more...]
Battery plant is a non-starter for Wales
Wales has lost another massive automotive investment. The £2.6 Billion Britishvolt gigaplant which held the promise of 5,000 construction jobs and 3,000 permanent posts will not now be built at St Athan and the company says it will go to a 230 acres site in Blythe, Northumberland. The decision follows a few months of talks with Welsh Government during which time Britishvolt appointed Italian … [Read more...]