(Reuters) -Britain is in talks with six companies for building gigafactories to produce electric vehicle batteries, the Financial Times reported on Wednesday, citing people briefed on the discussions.
Ford Motor Co, Nissan Motor Co Ltd, LG Corp, Samsung and start-ups Britishvolt and InoBat Auto are in talks with the British government or local authorities about locations for potential factories and financial support, according to the report. (https://on.ft.com/3wu1eYz)
A UK business department spokesperson told the FT the government was “dedicated to securing gigafactories, and continue to work closely with investors and vehicle manufacturers to progress plans to mass produce batteries in the UK”.
In early-stage talks with the British government, Ford has indicated it was exploring making batteries in the UK that would then be shipped to Turkey for use in a planned electric version of its Transit van, the Financial Times reported.
Ford may make parts of battery modules in Britain before shipping them to Turkey for final work and installation, according to the report.
Nissan’s talks with the government about building a battery plant at its Sunderland manufacturing complex hinge on energy costs, the Financial Times said.
LG and Samsung are both in early-stage talks with the UK government about investments, and the companies are only likely to proceed if they have deals with major car makers, the report added.
The six companies and the British government did not immediately respond to a Reuters request for comment.
(Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar and Shounak Dasgupta)