Jaguar Land Rover owner plans to build an EV battery manufacturing plant in the UK

The BBC reported on Wednesday without identifying sources that Britain would be home to a multibillion dollar electric vehicle battery plant for Tata Motors and that the Indian corporation had selected the UK over Spain.

According to the BBC, the CEO of Tata, the company that owns Jaguar Land Rover, is anticipated to fly to London next week to complete the transaction.

The business division of the British government failed to respond to questions about the study.

After major manufacturers like Ford and Vauxhall owner Stellantis warned that impending post-Brexit trade laws might render it unviable, the Indian bluechip company's move would offer the British auto industry a boost.

Spain is also vying to host the factory, so if Britain is chosen, it will be a significant victory for Prime Minister Rishi Sunak, who is facing increasing pressure from automakers to make the nation more appealing.

Britain has lagged behind other countries in the battle to develop local electric vehicle (EV) battery capacity, endangering the sector's future because hefty batteries must be constructed close to auto factories.

Lack of a domestic battery industry also raises the possibility of tariffs on British automobiles under post-Brexit regulations that are set to take effect early next year.