India’s Tata is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain, a source with knowledge of the matter told Reuters, as the carmaker seeks to boost supply chains in Europe.
Tata’s chief financial officer told Reuters last month the carmaker was considering setting up plants in India and Europe to produce battery cells for EVs. In Europe it would aim to provide batteries for its luxury Jaguar Land Rover unit, which has manufacturing facilities in.
The location being considered by Tata in Spain is an industrial lot in the town of Zuera, outside the city of Zaragoza in northeastern Spain, the same site Volkswagen considered for a battery plant it is now building elsewhere in the country, the source said.
The programme, however, only allocated 877 million euros ($958.47 million) last year out of the 2.9 billion euros’ overall budget due to technical and administrative issues, the government said. The remaining funds will be disbursed in new phases and could benefit new contenders, such as Tata.
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