The Chinese company behind the UK’s only “gigafactory” is planning a huge expansion of the project and looking to spin off its electric vehicle battery division as it builds its European business.
Zhang Lei, chief executive of Envision, said the Sunderland facility’s annual capacity would eventually rise to 38 gigawatt hours, enabling the site to produce batteries for hundreds of thousands more electric cars each year.
The plans would mark a steep increase from the 1.7GWh capacity at a smaller existing plant and 11GWh when the site’s new plant is due to open.
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