Government announces £23 million of funding for businesses large and small to develop the latest technology for electric car batteries.
Companies across the country are set to benefit from £23 million government investment to help them keep the UK at the forefront of developing the latest electric vehicle technology.
Businesses ranging from small designers to major car manufacturers are among the winners of the government’s Faraday Battery Challenge announced by Business Secretary Greg Clark.
It forms part of the government’s drive to maintain the UK as a world-leader in the latest technologies and emerging markets, through its modern Industrial Strategy.
The Faraday Battery Challenge brings together world-leading academia and businesses to accelerate the research needed to develop the latest electric car battery technologies – a crucial part of the UK’s move towards a net zero emissions economy.
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