UK Offers Cheap Energy to Boost Domestic EV Battery Production, Reduce Reliance on China

• British battery and electric vehicle companies to get cheap energy deals to boost domestic production and reduce dependence on China

• China dominates global refining of key minerals like cobalt, nickel, and lithium needed for green technologies

• Cheap electricity aims to make UK more competitive vs Europe, North America, Saudi Arabia in attracting investments

• Will help battery factories like Jaguar Land Rover and refineries being built by Tees Valley Lithium and Pensana

• Part of wider British Industrial Supercharger scheme offering subsidies to energy-intensive manufacturers