"Mercedes-Benz has placed a significant vote of confidence in the UK's advanced manufacturing sector after confirming a £20 million partnership to develop high-performance electric vehicle technology, creating 150 skilled jobs across Northamptonshire and Oxfordshire. The German manufacturer will invest £10 million of its own capital, matched by a further £10 million from the UK government, to develop next-generation high-power drive systems for electrified and hybrid performance cars. Crucially, the work will draw on Formula 1 engine technology from Mercedes' world-leading High Performance Powertrains division, headquartered in Britain's motorsport heartland."
"The project brings together Mercedes-Benz and a cluster of UK engineering SMEs, forming a new industrial supply chain intended to move the technology from prototype to production within three years - a timeline that underscores the pace of innovation in the performance EV race. Announced during the state visit of German president Frank-Walter Steinmeier, the partnership is framed as a strategic moment for both countries."
Mercedes-Benz and the UK government are jointly investing £20 million to develop next-generation high-power drive systems for electrified and hybrid performance cars, with Mercedes contributing £10 million and the UK matching £10 million. The programme will create 150 skilled jobs across Northamptonshire and Oxfordshire and will leverage Formula 1 engine expertise from Mercedes' High Performance Powertrains division. A consortium of UK engineering SMEs will form an industrial supply chain to move prototypes to production within three years. The partnership aims to strengthen Anglo-German industrial ties, support inward investment, and accelerate high-performance electrification amid global automotive challenges.
Read at Business Matters
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