Thursday, July 25, 2024

Top 5 This Week


Related Posts

Tata Group to set up EV battery manufacturing in Europe

The Tata Group makes a big step as it plans to set up electric vehicle cell-manufacturing in Europe. The Indian conglomerate is set to anchor a facility in Europe with its subsidiary Jaguar Land Rover, from where the company will sell battery packs globally, as well as using them to accelerate the British carmaker’s shift to cleaner engines.

“We are well covered on the production plans for batteries, but we will require some cell capacity coming into Europe,” Tata Motors Chief Financial Officer P.B. Balaji was quoted saying at the India Auto Expo in Delhi.

According to the CFO, the facility in Europe will manufacture lithium iron phosphate cells for Tata Motors’ EVs and nickel manganese cobalt cells for both them and Jaguar Land Rover.

Tata Motors and Jaguar Land Rover benefit from being a part of larger ecosystem, the CFO said, adding that closer control will help the manufacturers avoid supply disruptions like the ones faced during the height of the COVID-19 pandemic.

Popular Articles