A Chinese battery giant could pump billions into building Britain’s biggest gigafactory.
EVE Energy is in advanced talks to build a hub to make batteries for electric vehicles (EVs) at Coventry airport.
It will commit to investing at least £1.2billion into a 20 gigawatt-hour factory, according to The Sunday Times.
There are plans to then expand the site to 60 gigawatt-hours, which would be almost twice the size of Nissan’s battery factory in Sunderland and would create 6,000 jobs.
A deal would be the result of months of talks between Whitehall and local government officials, including Andy Street, the mayor of the West Midlands.
Plans: EVE Energy is in advanced talks to build a hub to make batteries for electric vehicles at Coventry airport
Chancellor Jeremy Hunt was assured of a multi-billion pound investment from EVE, which is one of the world’s biggest battery-makers.
But the commitment relies on hundreds of millions of pounds in UK subsidies.
It would bring a much-needed boost to the motor industry, which has struggled since Britishvolt’s demise last year.
A government spokesman said they do not comment on speculation or the affairs of private companies.
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