"Without the £380m subsidy, Agratas could locate its European factory in Spain, leading to JLR moving production from Britain due to cost advantages in electric car manufacturing."
"The planned total investment for the vast factory increased to £5.2bn, up from £4bn when initially announced, highlighting the growing scale of the project."
"DBT explained that, over time, this systemic disadvantage could lead JLR to relocate its vehicle production closer to the counterfactual battery plant in Spain."
Jaguar Land Rover faced potential relocation of production and job cuts without a £380m subsidy for its battery company, Agratas. Government officials warned that without this support, JLR might move operations to Spain, leading to significant job losses in the UK. The planned investment for Agratas' gigafactory in Somerset increased to £5.2bn. JLR employs 33,000 people in the UK, producing models like the Range Rover and Discovery Sport. A spokesperson stated JLR is committed to UK manufacturing and did not propose moving production during discussions.
Read at www.theguardian.com
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