The Tata Group aims to accelerate Jaguar Land Rover’s transition to electric vehicles by establishing a battery cell manufacturing operation in Europe.
JLR and Tata Motors will be the primary customers of the facility and will sell the battery cells to a wider market, said PB Balaji, chief financial officer of Tata Motors.
Balaji said at the Indian Automotive Expo on the outskirts of New Delhi this week, “We have a good coverage of the battery production plan, but we will need some cell capacity to enter Europe.
Tata declined to disclose the location and timeframe of the facility, saying it is finalizing plans and will announce details in the near future. said to
The “intellectual property-heavy” facility will produce two cell chemicals: lithium iron phosphate for Tata Motors’ EVs and nickel-manganese-cobalt for Indian automakers and JLR, Balaji said. said.
The plan should help the company better manage a critical part of its supply chain facing global disruptions during the COVID pandemic.
Tata and Jaguar Land Rover benefit from being part of a larger ecosystem, Balaji said.
JLR has previously said that the smaller of the two brands, Jaguar, will be fully electric by 2025, with Land Rover getting its first fully electric model in 2024.
The UK auto industry is struggling in the aftermath of Brexit and the switch to EVs. China has failed to attract much investment in large cell facilities beyond those owned by China’s Envision Group.
UK battery startup British Bolt said it was in talks with a consortium of investors to sell its majority stake in the company.