British Coventry Battery Factory Received 160 Million Yuan In Funding

- Sep 23, 2019-

oreign media reported that the British Ministry of Commerce, Energy and Industry Strategy in Coventry built a power battery R & D and manufacturing center worth 126 million pounds (about 1.12 billion yuan), won the West Midlands Joint Administration ( WMCA) A grant of 18 million pounds (about 160 million yuan) to help ensure that UKBIC has the most advanced cutting-edge manufacturing technology to attract automakers and leading research scientists to expand breakthrough technology in the region.


In November 2017, the Coventry City Council and Warwick Manufacturing Group received a £80 million (about RMB 700 million) from the government to UKBIC for the construction of a power battery center. In May 2019, the British government invested an additional 28 million pounds (about 246 million yuan).


“At West Midlands, we are building a state-of-the-art electric vehicle cluster, including the UKBIC and JLR's Castle Bromwich plant, where the new all-electric XJ will be built.” West Midlands Mayor Andy Street said "This cluster is helping our region become a global leader in autonomous vehicles, but in order to take the next step, we must build a giga factory."


It is worth noting that in addition to building large power battery factories, the UK is still investing heavily in research and development of new battery technologies.


Recently, the Faraday Institution, led by the British government, announced that it will provide up to 55 million pounds (about 485 million yuan) for five R&D teams, mainly for the next generation of battery technology research and development and industrialization. These projects will develop and research techniques and methods for battery chemistry, systems, and manufacturing for grid energy storage, electric vehicles, and other applications.


It is understood that the research time of these projects is expected to last for four years, mainly in the four major projects of the new generation of lithium battery cathode materials, lithium-sulfur battery technology, sodium ion battery technology and electrode manufacturing technology.