UKs first gigaplant readies for construction as EV demand rises
Ground is due to be broken on the UK\u2019s first battery gigaplant, built by Britishvolt, in summer 2021, with the plant due to start producing batteries at scale by the end of 2023.
The gigaplant is an important step in shortening the UK\u2019s battery supply chain and helping ensure that UK automakers comply with the Brexit agreement\u2019s rules of origin standard, which dictates that at least 40% of the value of the parts in a finished vehicle originate in the UK, or face paying export fees.
In the latest of S&P Global Platts Future Energy Podcast, EMEA metals senior pricing specialist Jacqueline Holman speaks to Britishvolt\u2019s Chief Strategy Officer Isobel Sheldon, and Chief Technology Officer Allan Paterson about the company\u2019s planned gigafactory in Blythe, Northumberland, and the UK\u2019s battery supply chain. They are joined by Mark Mozur, lead analyst of energy transition at Platts Analytics to provide insight on EV demand and whether there will be enough batteries produced domestically to meet this demand.
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