Tata Group plans to invest 4 Billion Pounds in setting up a new electric vehicle (EV) battery plant, or gigafactory, in the UK.

The holding company of the Tata Group said in a statement, “This investment of over £4 billion is an integral part of Tata Group’s commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale,”.

N. Chandrasekaran, Chairman of Tata Sons, said: “The Tata Group is deeply committed to a sustainable future across all of our business. Today, I am delighted to announce that the Tata Group will be setting up one of Europe’s largest battery cell manufacturing facilities in the UK.”

Tata Motors, which owns UK-based luxury carmaker, Jaguar Land Rover, will be the key customer of the new gigafactory. The factory will produce 40GW cells annually, making it one of the largest in Europe.

The gigafactory will produce high-quality, sustainable, high-performing battery cells and packs for various automobile and energy sector applications.