Who would not want to have a perspective battery plant?
Uncertainty associated with Brexit, the decline of diesel car sales, which were over expectations in the UK and the retirement of some car manufacturers is highly affecting the British automotive business.
To boost the sector or at least prevent job losses, UK plans to attract investment in electric car battery plant. At this point, it’s not clear who would be interested in the project (talks concerns at least several manufacturers according to rumors) and how the UK could tempt the investor (probably by some tax cuts or other incentives).
An additional factory would improve the situation, but not much when:
- Jaguar Land Rover will but 4,500 jobs (mostly in UK)
- Nissan decided scrapped plan for X-Trail
- Honda will close its factory in 2021
- Ford sends warning about the potential bad consequences of Brexit
- PSA Group is reviewing Vauxhall plants
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