News
12 May 2025

AESC secures £1bn for Sunderland gigafactory

In:
Manufacturing & equipment, Power
Region:
Europe

AESC has secured £1 billion ($1.3 billion) in funding for a new gigafactory in Sunderland to manufacture batteries for 100,000 electric vehicles annually.The UK’s National Wealth Fund and UK Export Finance will provide financial guarantees which unlock £680 million in financing...

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