New funding has been announced for the Faraday Battery Challenge. The additional £211 million in funding allows the challenge to exploit the momentum, nationwide learning and industrial support generated since it began in 2017.
Since 2017 the Faraday Battery Challenge has enhanced current generation batteries while developing next generation batteries designed to meet the long-term needs of the transport sector.
With 100,000 new jobs predicted to be needed in gigafactories and the wider battery supply chain by 2040, the challenge is helping the UK meet the growing automotive demand for batteries.
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Date posted 07/11/2022
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