Taiwanese solid-state battery specialist ProLogium has announced the UK is on its shortlist for an $8 billion (£6.9bn) investment for the establishment of its first overseas factory.
The firm expects the battery plant to be one of Europe’s biggest, targeting 120GWh of total battery production capacity when complete. For reference, the Volkswagen Group announced last year that it was targeting a total of 240GWh (split across six European facilities) by 2030.
According to ProLogium, the new factory will create thousands of skilled jobs both in the short and long term: building the site itself, in battery production, and in the wider supply chain.
