According to a person with knowledge of the situation, India’s Tata is exploring establishing a battery cell plant for electric cars (EV) in either Spain or Britain as the automaker looks to strengthen supply chains in the continent.
Last month, Tata’s CFO told Reuters that the automaker was thinking at establishing plants to make battery cells for EVs in India and Europe. It would want to supply batteries for its high-end Jaguar Land Rover division in Europe. This division includes factories in Slovakia and Britain.
According to the source, who requested anonymity because to the delicacy of the matter, the corporation informed the Spanish government during talks in late last year that it was examining both Spain and Britain as potential locations for the factory.
The source continued, “Tata was drawn to Spain by its allotment of European Union pandemic relief funding to stimulate EV and battery manufacture, as well as its standing as an EU member unlike Britain following its exit from the bloc.” According to company policy and practise, Tata Motors avoids commenting on rumours. An inquiry for comment was not answered by the Spanish government.
The site Volkswagen considered for a battery facility it is now developing elsewhere in the country, according to the source, is the same one Tata is considering for a plant in Spain: an industrial lot in the town of Zuera, northeastern Spain, outside the city of Zaragoza.
According to the source, representatives of Tata from India and Britain attended talks with members of the regional governments of Aragon and Spain. The source also mentioned that the potential site was visited. The regional administration of Aragon, which encompasses Zuera, and Jaguar Land Rover both declined to comment. Spain, Europe’s second-largest automaker after Germany, started an ambitious initiative in 2021 to draw in EV-related investments, primarily with EU money.
It was regarded as a crucial element in persuading Volkswagen to site its battery plant for Southern Europe in Spain and to commence EV production there.
However, the programme only received 877 million euros ($958.47 million) in funding last year out of a total budget of 2.9 billion euros, according to the government. The remaining money will be distributed in new phases and may help up-and-coming competitors like Tata. ($1 = 0.9150 euros)
According to a person with knowledge of the situation, India’s Tata is exploring establishing a battery cell plant for electric cars (EV) in either Spain or Britain as the automaker looks to strengthen supply chains in the continent.
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