Tata considers Spain, Britain for European EV battery plant - source
Adds details on JLR, Tata's EV plans
By Joan Faus
BARCELONA, Feb 3 (Reuters) -India's Tata Group is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain, a source with knowledge of the matter told Reuters, as its carmaking unit seeks to boost supply chains in Europe.
Tata Motors' TAMO.NS chief financial officer told Reuters last month its parent, Tata, was considering setting up plants in India and Europe to produce battery cells for EVs. In Europe it would aim to provide batteries for its luxury Jaguar Land Rover unit, which has manufacturing facilities in Britain and Slovakia.
The company told Spain's government following talks late last year that it was considering the country and Britain as the two top locations for the plant, said the source, who declined to be identified due to the sensitivity of the issue.
Tata was attracted by Spain's allocation of European Union pandemic relief funds to promote EV and battery manufacturing, and its status as a member of the EU, unlike Britain following its departure from the bloc, added the source.
A Tata Motors spokesperson said the company does not comment on speculation. The Spanish government did not respond to a request for comment.
The location being considered by Tata in Spain is an industrial lot in the town of Zuera, outside the city of Zaragoza in northeastern Spain, the same site Volkswagen considered for a battery plant it is now building elsewhere in the country, the source said.
Tata representatives from India and Britain participated in the joint meetings with officials from the Spanish and the Aragon regional governments, the source said, adding there were also visits to the potential location.
Jaguar Land Rover and the regional government of Aragon, which includes Zuera, declined to comment.
Jaguar Land Rover is accelerating its shift to EVs with plans to make all Jaguar cars fully electric by 2025. Tata dominates the EV market in India, where it plans to launch 10 electric models by 2026.
As Europe's second largest car-producing country behind Germany, Spain launched in 2021 an ambitious programme to attract EV-related investments mostly using EU funds.
It was seen as a key factor in convincing Volkswagen VOWG_p.DE to locate its Southern Europe battery plant in Spain and the company plans to start manufacturing EVs in the country.
The programme, however, only allocated 877 million euros ($958 million) last year out of the overall 2.9 billion euro budget due to technical and administrative issues, the government said.
The remaining funds will be disbursed in new phases and could benefit new contenders, such as Tata.
Reporting by Joan Faus Additional reporting by Nick Carey in London and Aditi Shah in New Delhi
Editing by Emelia Sithole-Matarise and Mark Potter
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。