News
12 May 2025

AESC secures £1bn for Sunderland gigafactory

In:
Manufacturing & equipment, Power
Region:
Europe

AESC has secured £1 billion ($1.3 billion) in funding for a new gigafactory in Sunderland to manufacture batteries for 100,000 electric vehicles annually.The UK’s National Wealth Fund and UK Export Finance will provide financial guarantees which unlock £680 million in financing...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
13 November 2025

Keynote: EKN’s new head, Nordlander, on continuity, change...

Åke Nordlander, director general at EKN discusses strategy in his new role, the increased prominence of defence, which now forms the largest part of the Swedish ECA’s cover....

Interview
21 November 2025

EDC’s Winterhalt on the kick to intensify diversification,...

Todd Winterhalt, senior vice-president of international markets at Export Development Canada (EDC), discusses EDC’s role in Canada’s market diversification at Berne Union’s...