Chinese EVE Energy will produce batteries for electric vehicles in the UK – Kommersant
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Chinese electric vehicle battery maker EVE Energy wants to build a plant in the Coventry area of the UK. Writes about this The Sunday Times with reference to sources. According to the publication, the company is ready to invest at least £1.2 billion ($1.5 billion) in an enterprise with a total capacity of 20 GWh, and then expand production to 60 GWh. The EVE Energy plant will therefore be twice as powerful as the national plant built by Nissan, the largest in Britain to date.
According to The Sunday Times, negotiations have been ongoing for several months, with both central and local authorities taking part in them. According to the newspaper’s sources, the negotiation process has progressed far enough that an agreement could be announced “in the coming weeks.” It is expected that the British authorities will provide EVE with subsidies worth several hundred million pounds. It is possible, however, that the deal will cause criticism in the UK due to the possible increase in Chinese influence in such a strategically important area.
EVE signed a contract in 2022 to supply batteries for BMW electric vehicles in Europe. The company is also building a plant for their production in Hungary.
Kommersant wrote in an article about why Seoul banned the supply of batteries for electric vehicles to Russia “Batteries stuck in Korea”.
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