EVE Energy plans to invest more than RMB 10 billion to build an electric vehicle battery factory in Coventry, UK

According to people familiar with the matter, Chinese battery manufacturer EVE Energy is in advanced negotiations with the British government to invest more than 10 billion yuan to build an electric vehicle battery factory in Coventry, UK. The factory will initially have an annual production capacity of 20GWh and is expected to expand to 60GWh in the future. This will make it the largest power battery factory in the UK.