Teesside could be set to benefit from a huge new plant for making batteries for electric cars, according to reports.
Jaguar Land Rover’s (JLR) plans for it’s Jaguar brand to go all-electric from 2025 and an all-electric Range Rover is due to be launched by Land Rover in 2024.
And JLR is looking at a partnership with lithium battery manufacturer Envision AESC to supply them which would involved building a new gigafactory at the Redcar Teesworks site, according to the Financial Times. The move would create thousands of jobs.
A £450million deal has already been agreed for Envision to build a gigafactory in Sunderland to supplies batteries for Nissan.
JLR declined to comment on the speculation telling the FT: “We are exploring all options at this time. No decisions have been made.”
Envision added that it is in “regular contact” with a number of car makers but would not comment on “private discussions”.
Teesworks – the largest brownfield site in Europe covering 4,500 acres – includes land from the former SSI steelworks which closed in 2015 devastating the local economy.
The site is now being repurposed with a focus on net zero industries such as carbon capture.
This involves removing carbon dioxide from big producers such as factories at source, then pumping it out to sea into underground stores.
Some environmental groups are critical of carbon capture but scientists insist it will be vital in securing the UK’s net zero ambitions in the short term.