Home » Business News • UK Business News • UK Employment news » EVE Energy To Create 6,000 Jobs With New Gigafactory Launch

EVE Energy To Create 6,000 Jobs With New Gigafactory Launch

By Nithya Bose in Business News, posted March 25, 2024

Chinese electric vehicle battery maker EVE Energy is planning to build a £1 billion gigafactory near Coventry, generating 6,000 new jobs.

The facility would be a cornerstone of the UK Centre for Electrification in the West Midlands, spanning 5.7 million square feet.

The project reinforces the region's status as a hub for automotive innovation and manufacturing.

EVE Energy is working with local councils and Coventry Airport, where the proposed plant will be situated.

The gigafactory's initial investment phase could reach £1.2 billion, potentially expanding further to double the size of Nissan’s EV battery plant in Sunderland.

This project underlines the UK's appeal as a key player in the global shift towards electric vehicles.

The investment comes on the heels of Tata Group's £4bn commitment to establish another electric car battery gigafactory in Somerset, expected to create 4,000 jobs.

The West Midlands region, known for its robust automotive industry featuring giants like Jaguar Land Rover, Aston Martin Lagonda, and BMW, along with hosting the UK's largest battery research centre, the UK Battery Industrialisation Centre, will lead the UK's electrification drive.

Project is dependent on government funding

The Coventry gigafactory, which could attract total private funding of £2 billion, depends on securing significant UK government subsidies.

Need Career Advice? Get employment skills advice at all levels of your career

This development is a key part of broader efforts to secure the future of automotive manufacturing in the UK, particularly as the industry shifts towards sustainable electric vehicles.

Although discussions with EVE Energy and other global battery manufacturers are ongoing and confidential, the potential for this substantial investment underscores the UK's strategic importance in the electric vehicle revolution.

A government spokesperson added: “We are determined to ensure the UK remains one of the best locations in the world for automotive manufacturing as we transition to electric vehicles, while ensuring taxpayer money is used responsibly and provides best value.

“We do not comment on speculation or the commercial affairs of private companies.”

Follow us on YouTube, X, LinkedIn, and Facebook