ONE OF China's largest specialist electric car battery manufacturers is set to spend billions on the
According to The
The factory will include a recycling unit, that will be able to reprocess car batteries to power home appliances.
The investment is contingent on hundreds of millions of pounds in
The report claims that a 20GW/h factory will be constructed first with a £1.2bn price tag, which will then be expanded to 60GW/h.
The
Japanese carmaker Nissan's
The site will sit within a planned larger project called the
It's estimated that the plant will create 6,000 jobs and thousands more in the supply chain in a region that exports an estimated £14bn in cars and auto parts - almost double that of any other part of the
The move reportedly follows the company outlining a "multi-billion pound" commitment to the
However, the government may face pushback from Westminster colleagues over fears that
(c) 2024 City A.M., source