UK has tiny share of manufacturing of lithium-ion batteries used in electric cars. During his first speech as prime minister on the steps of 10 Downing Street last month, Boris Johnson said the UK was “leading the world in the battery technology” to cut carbon emissions and tackle climate change. The reality, however, is less compelling than Mr Johnson’s statement. While UK universities have a strong record in battery research, Britain is far behind in manufacturing. It has less than a 1 per cent global share of manufacturing of lithium-ion batteries, the dominant technology for electric cars that is also increasingly needed for energy storage, according to Wood Mackenzie, a research and consulting firm.
FT 26th Aug 2019 read more »