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The Business Magazine July 2024
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Could China's EVE Energy be about to invest £1.2bn in Coventry gigafactory?

The Business Magazine article image for: Could China's EVE Energy be about to invest £1.2bn in Coventry gigafactory?
CGI of West Midlands Gigafactory
27 March 2024
CGI of West Midlands Gigafactory

Chinese battery cell manufacturer Eve Energy is planning a factory at Coventry Airport, according to reports.

Eve Energy is reportedly in talks with politicians to initially invest around £1.2 billion for 20 GWh of annual capacity in the future factory.

Late last year, the West Midlands Gigafactory joint venture confirmed that it was in advanced discussions with several leading Asian battery manufacturers about future investment at the Coventry site.

READ MORE: Tata Group to invest more than £4 billion in Somerset gigafactory

The West Midlands Gigafactory’s Coventry location is the only available site in the UK with planning permission in place for a large-scale battery production facility with capacity for up to 60GWh per annum – enough to power 600,000 electric vehicles. It is perfectly placed as a pioneering centre of excellence for battery technology and manufacturing, located at the heart of the UK’s manufacturing industry.

The location is the first of its kind in the UK is offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics designed to foster the UK’s growing battery ecosystem.

Speaking last November, Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council said, “The West Midlands Gigafactory site in Coventry is a prime location offering future investors an all-in-one solution for battery manufacturing, research, industrialisation and recycling. In addition, we are well-positioned to become an Investment Zone, which will deliver significant additional tax incentives and breaks for future investors.

"I’m pleased to report that we are now in advanced discussions with leading Asian battery manufacturers who want to develop a presence in the UK. We hope, with the support of the UK Government, that we will secure an investor and further strengthen our region’s leadership credentials in the shift towards electrification.”

The site is well located at the heart of the UK’s manufacturing industry in the West Midlands with access to world-class skills, talent and supply chain capabilities in the region. It benefits from a strong transport infrastructure for the future Gigafactory’s logistics requirements, supply chain and access for up to 6,000 employees.

As the electrification revolution represents the largest shift in industrial skills for the UK in a generation, the West Midlands Gigafactory is ideally placed to be a catalyst to strengthen the region’s high value skills and research credentials as part of the UK Government’s West Midlands Investment Zone. In recognition of the strategic importance of this project, an unprecedented regional incentives package will be available to the eventual occupier. This is expected to create favourable conditions for local taxation and access to clean, sustainable power that a world-class battery facility requires.


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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