US EditionAESC to build UK EV battery gigafactory - Charged EVs
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AESC to build UK EV battery gigafactory - Charged EVs
Japanese EV battery manufacturer AESC will build a £1-billion gigafactory in Sunderland, UK with enough capacity to power up to 100,000 electric vehicles per year. The gigafactory represents a six-fold increase in the UK’s current EV battery production capacity, according to the company. The National Wealth Fund and UK Export Finance will provide financial guarantees to unlock £680 million in financing from banks including Standard Chartered, HS…
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