Investing in EV Battery development

Government announces £23 million of funding for businesses large and small to develop the latest technology for electric car batteries.

The Government is said to be investing £23 million to help businesses in the UK with the development of electric car batteries. Investing in this sector will help keep the UK at the forefront of the latest EV technology development. Different types of businesses were selected as the winners of the government’s Faraday Battery Challenge. From small designers to major car manufacturers, this challenge brings together leading academic and businesses, to speed up the research, and develop new car batteries.

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