Ratan Tata, the chairman of Tata – the owner of Jaguar Land Rover – is anticipated to travel to London the following week to declare that the UK has triumphed over Europe in securing the location for its electric car battery manufacturing plant.
According to BBC reports, Tata is due to meet Rishi Sunak to put the final touches on the deal, which could result in the creation of up to 9,000 jobs. Another potential location in Spain had also been under consideration by the company.
It is expected that the Bridgwater site in Somerset will be selected, amidst escalating demands to stabilize the supply chain for electric vehicles within the UK.
Stellantis – the manufacturer of Vauxhall, Peugeot, Citroen, and Fiat – expressed concerns that without modifications to post-Brexit rules, it could be compelled to shut down factories. These new regulations, to be enacted next year, will require the company to procure more than 45% of materials for electric cars within the EU or face tariffs of 10%.
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