<ul><li>The owner of the UK’s only operating gigafactory, Japan’s AESC, secures £1bn in funding for a new electric car battery plant in Sunderland to serve Nissan’s car factory.</li><li>The funding includes £680m from state bodies and £320m in debt funding. The plant is expected to employ over 1,000 people and support British industries’ growth.</li><li>The first phase of building the gigafactory is expected to have a capacity of 15.8GWh, supplying batteries for about 300,000 electric cars, with a second phase in the feasibility study stage.</li><li>The UK and US recently agreed on a trade deal reducing tariffs on British car imports, with the US cutting tariffs on up to 100,000 British cars to 10%, benefitting the UK's car industry.</li></ul>

Japan-owned car battery maker secures £1bn to build second Sunderland gigafactory

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