12 Jun Midlands firms part of £23m government investment to develop electric car batteries
The government has announced a £23m fund for large and small businesses to develop the latest technology for electric car batteries.
A Jaguar Land Rover-led project to maximise battery performance while maintaining safety is one of the winning schemes.
And Stoke-on-Trent based mining consultancy firm Wardell Armstrong will work with experts at the Natural History Museum and mining firm Cornish Lithium to lead a new study looking to develop a UK supply of lithium, helping to meet the massive demand expected from the transition to electric vehicles
They join companies across the country set to benefit the government investment to help them keep the UK at the forefront of developing the latest electric vehicle technology. It forms part of the government’s drive to maintain the UK as a world-leader in the latest technologies and emerging markets, through its modern Industrial Strategy.
“We are committed to ensuring our world-leading automotive sector can flourish,” said Business and Energy Secretary, Greg Clark. “These exciting new projects will build on the UK’s reputation for excellence, our rich heritage in the auto industry and pave the way for advances towards a cleaner economy.”
Businesses ranging from small designers to major car manufacturers are among the winners of the government’s Faraday Battery Challenge announced by Business Secretary Greg Clark.
The Faraday Battery Challenge brings together world-leading academia and businesses to accelerate the research needed to develop the latest electric car battery technologies and is also a key contributor to all new cars and vans being effectively zero emission by 2040.
The £23m investment forms part of the total £274m that will be awarded to consortia across the UK through the Faraday Battery Challenge, part of the government’s Industrial Strategy Challenge Fund.