An automotive battery report launched on Monday at a VIP launch event dinner at SCI, showed that the UK chemical sector could capture £4.8bn per annum from the domestic automotive battery manufacturing supply chain by 2030.
It is predicted that by 2030 nearly all new European vehicles will incorporate a degree of battery power – either as part of a hybrid system or to power a completely electric vehicle. This presents a huge opportunity that the UK is well-placed to capitalise on, owing to the UK boasting some of the largest suppliers of materials to produce cathodes, anodes and electrolytes.
The report, which provided an assessment of the current capability to support the growth of a UK Battery Manufacturing Industry, was produced by E4tech, commissioned by the Advanced Propulsion Centre (APC) and Innovate UK.
‘With transport shifting towards electrification, batteries are set to play a major part in our future propulsion mix,’ said Ian Constance, CEO, APC. ‘Today’s report highlights the opportunities available to our Automotive and Chemical sectors to come together and collaborate to make the UK the go-to-place in Europe for battery cell manufacturing.’
Sharon Todd speaking at the launch event. Image: APC
Speaking on behalf of the Chemistry Council – a joint Government/industry sector council for the chemistry-based industry in the UK – Sharon Todd, CEO of SCI welcomed the findings.
‘The Chemistry Council represents a critical sector of the UK – with around £50 Bn in turnover and supporting around 400,000 skilled jobs in the UK. Delivering innovation-based growth is at the heart of the Chemistry Council’s strategy for the chemicals sector,’ she said.