A new company says it plans to create hundreds of jobs with a gigafactory to make batteries for electric vehicles, with the 海角视频 a possible location.
Anglo-Korean firm Eurocell - a joint venture between Worcester-based FIC EMEA and Korean battery firms Eurocell, FIC Advanced Materials and Indong Advanced Materials - says it wants to invest £600 million to build a factory in western Europe, with the 海角视频, Netherlands and Spain all being considered.
If the plans come to fruition, the host country would benefit from the creation of hundreds of jobs and the company is now looking for government support in deciding which country it will choose.
Eurocell claims it is able to build its gigafactory faster than other companies because it has a proven battery product which is ready for mass manufacturing.
The 海角视频 currently has two gigafactories being built: the Britishvolt plant at Cambois, in Northumberland, and the enlarged Envision AESC factory near the Nissan plant at Sunderland.
Sign up for your free West Midlands newsletter and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.
Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.
We will also send out 'Breaking News' emails for any stories which must be seen right away.
For all the latest stories, views and polls, follow our
Both have received Government support, while there are also plans for a battery gigafactory near Coventry.
Recardo Bruins, chief executive of the EMEA region for Eurocell, said: "Eurocell in the 海角视频 is a new company, led by a highly experienced 海角视频 team and backed by our South Korean partner with decades of experience in electro-chemistry, making batteries at mass-scale and building the Gigafactories to produce them.
Most Read
"Now we are planning to rapidly expand in Europe, supplying the energy storage and automotive industries with our market-leading technologies that last longer, perform better and are 100 per cent safe. These products can be on the market in months, not years.
"To fulfil our mission, we are actively seeking a European manufacturing base and are in advanced discussions with sites in the 海角视频, Netherlands and Spain.
"With the right level of central engagement and support we are keen to take advantage of the rapidly growing European market as quickly as possible.”
Eurocell said it intended to build its gigafactory in two phases and could begin producing advanced battery cells at scale by early 2023 for existing customers.
A larger plant would be built at the same time capable of producing more than 40 million cells per year by 2025.