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£73.5 million to boost green economic recovery in automotive sector

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Britain’s automotive industry is set to benefit from a £73.5 million government investment to develop green technologies and safeguard jobs, Business Minister Nadhim Zahawi announced today (Tuesday 23 June).

Ten projects across the UK will receive a share of this new investment to develop cutting-edge technology for the next generation of electric taxis, cars and vans – including recyclable batteries, advanced electrical systems and ultra-lightweight components.

The successful projects are:

• LEVC – Electric Vehicle Evolution (Coventry): The London Electric Vehicle will develop a new battery designed specifically for its vehicles for higher performance and also to be reused and recycled

• Constellium Ltd – ALIVE (Slough): This project will develop the manufacturing processes for light weight, crash-resistant battery enclosures. These will be used in ultra-low emission vehicles

• Cummins Turbo Technologies Ltd – TRIDENT (Huddersfield): This project will look to develop and manufacture an all-new electrical turbo that has greater efficiency and is for use in fuel cell electric vehicles

• Ford Technologies Ltd – eSHADOW (Warwick): This project will determine the technical, financial and environmental challenges of using advanced, lightweight materials in vehicle manufacturing

• Jaguar Land Rover – Hi-VIBES (Coventry): A consortium of academics and industry will create a new electronic system that will be easier to build, as well as being lighter and cheaper
• Avid Technology Limited – REVO (Cramlington, near Newcastle): It will help deliver improvements in electric and hybrid vehicle efficiency

• TEVVA – SANGREAL (Chelmsford): This project will bench-test an innovative design of axle for 7.5 to 14-tonne commercial vehicles. It will improve safety through better impact robustness

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• Magnetic Systems Technology Ltd – Magtec (Sheffield): Magtec aims to become the UK’s only complete electric drivetrain Tier 1 supplier for commercial vehicles
• BMW (Motorsport) Ltd – FutureBEV (Warwick & Newport): This project aims to deliver better powertrains that are more cost-efficient

• Jaguar Land Rover – ZEUS (Coventry): This project will develop a high-performance four-wheel drive 400kW Fuel Cell Electric Vehicle (FCEV)

Business Minister Nadhim Zahawi announced the 10 projects at the Society of Motor Manufacturers and Traders’ virtual International Automotive Summit today.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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