The venture is currently exploring a number of investment opportunities with battery manufacturers from around the globe.
To be located in what is the epicentre of the UK’s automotive industry, the Gigafactory will begin supplying high-tech batteries for electric vehicles from 2025. It will be the result of a £2.5bn investment, creating up to 6,000 new highly skilled jobs directly and thousands more in the wider supply chain in Coventry and the surrounding region.
This strategically crucial investment is seen as an imperative for the UK’s electrified future, especially for the automotive industry which will stop producing petrol and diesel engines from 2030.
The new Gigafactory, which will command over half a million square metres of space – equivalent to 74 full-size football pitches, will be one of the largest single industry facilities of any kind in the UK and at full capacity will be capable of delivering up to 60GWh of production per year.
It will be powered by a planned major boost to the local energy network, giving the Gigafactory access to a 100% renewable electricity supply, from a combination of solar power and grid-supplied renewables. The West Midlands Gigafactory will be able to recycle used batteries as well as build new ones in an industry leading approach known as “cradle to cradle.”
According to Mike Murray, West Midlands Gigafactory Project Director, “The West Midlands Gigafactory has a singular mission to create a state-of-the-art battery gigafactory in the heart of the UK automotive industry. It will provide a huge cash investment in the area, leading to thousands of well-paid jobs and creating crucial new skills for this country.”
Andy Street, the West Midlands Mayor added, “From securing the future of our region’s automotive industry and the huge economic and job creation that would bring, to helping protect our planet from the climate change emergency, a West Midlands Gigafactory would be a complete game-changer for our region – and we are making it happen.
“By submitting our planning application earlier this year, and now answering the difficult question around power supply and renewable energy, we are doing what we can to be able to get the site operational ASAP once a commercial negotiation between supplier and customer concludes.
“The West Midlands is already home to the country’s biggest car manufacturer, Europe’s largest research centre of its kind, the UK’s only battery industrialisation centre, and a world-leading supply chain. A Gigafactory therefore is the natural next step for the UK’s automotive heartland, and, working in partnership with industry and the Government, we will not rest until we have secured one.”
