GDP projection by IMF: 🇨🇳 China GDP: 2023: $19.374 trillion 2028: $27.4 trillion 2075: $57 trillion 🇮🇳 India GDP: 2023: $3.737 trillion 2028: $5.5 trillion 2075: $52.5 trillion 🇺🇲 US GDP: 2023: $26.855 trillion 2028: $32.3 trillion 2075: $51.5 trillion
Tata Group to Establish £4 Billion Gigafactory for Electric Vehicle Batteries in the UK, Pioneering Clean Mobility Solutions
The Tata Group has unveiled a groundbreaking plan to construct its first-ever gigafactory for electric vehicle batteries outside of India, right in the UK. With a staggering investment of £4 billion, this state-of-the-art facility is set to become one of Europe's largest battery cell manufacturing hubs and is scheduled to commence operations in 2026, producing an impressive 40 GWh of cells. Focused on sustainability and cutting-edge technology, the gigafactory aims to deliver top-notch, high-performance, and eco-friendly battery cells and packs. These products will cater to various applications in both the mobility and energy sectors. Tata is committed to achieving 100% clean power, and the plant will incorporate resource-efficient practices, such as battery recycling, to recover and reuse all the original raw materials. N Chandrasekaran, Chairman of Tata Sons, expressed his delight in announcing this ambitious venture, stating that the multi-billion pound investment will introdu...