Electric vehicle battery maker to build ‘mega-factory’ in Scotland

London-listed battery maker AMTE Power is set to build an electric vehicle (EV) battery ‘mega-factory’ in the UK, with Dundee selected as the most likely location.

The plant will develop lithium-ion and sodium-ion batteries, essential for the manufacture of electric vehicles. Electric cars are a key part of the UK government’s program net zero goal.

The company said the factory will need a significant investment of up to £190million but will create a stepping stone to building what the company described as “gigafactories” in the future.

“The mega-factory will be a platform from which AMTE can leverage our advanced in-house capabilities to build manufacturing plants to meet the huge demand for battery cells, allowing us to rapidly scale up production and expand. ‘accelerating the path to net zero,'” AMTE Power Managing Director Kevin Brundish said.

“Battery cells are fundamental to enabling the UK’s energy transition and with this investment we will play a key role in electrifying vehicles, homes and industries of the future.”

Hundreds of jobs are expected to be created from the factory, with 215 positions on site and hundreds more in the wider supply chain.

AMTE Power expects revenue from the site to be around £200m a year once the plant is at full capacity. The current plan calls for the plant to be fully operational in 2025.

Brundish said the Scottish location was an “ideal” choice because of its “local industry knowledge” and proximity to the company’s “current and future energy storage market“.

Scottish Business Minister Ivan McKee responded to AMTE’s decision to build the plant in Dundee saying: “The Scottish Government welcomes the news that AMTE Power has chosen Dundee as the preferred site for its first mega -factory.”

He added: “Battery technology is essential in many sectors – from transport to industry – to reduce greenhouse gas emissions.”