Sunderland gigafactory secures £200m loan from UK Infrastructure Bank

Michael Holder
clock • 2 min read
Credit: AESC
Image:

Credit: AESC

Electric vehicle battery factory currently being constructed by Chinese-owned AESC is expected to become operational around 2025

The UK's nascent battery manufacturing industry has received a major boost this week, with China-owned firm AESC having been awarded a £200m bridging loan from the UK Infrastructure Bank (UKIB) to support...

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Michael Holder
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