The firm said the investment target of £1.2bn could create up to 3,500 jobs, with construction scheduled for early 2021
The 30 gigawatt/hour battery manufacturing plant and supplementary 200 megawatt solar plant will be built at the former RAF base at Bro Tathan, South Wales.
Britishvolt said the investment target of £1.2bn could create up to 3,500 jobs, with construction scheduled for early 2021.
“Britishvolt will also encourage other businesses to invest in the region with the aim of creating a ‘hub’ of battery electrification – building out our very own infrastructure and supply chain ecosystem, which will create thousands more jobs,” said Orral Nadjari, chief executive and founder of the start-up.
European carmarkers usually buy battery cells in South Korea, China and Japan and then assemble them in electric vehicles.
With many brands looking to switch to electric cars, manufacturers are establishing plants in Europe, such as Tesla’s US$2bn Gigafactory in Germany.
Read More: Britishvolt to build UK’s first battery cell ‘gigaplant’ in Wales