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
08 August 2025

Solving West Africa’s cocoa conundrum

West African cocoa production has been in decline amid poor yields and falling demand. But the Africa Cocoa Exchange aims to return cocoa pricing power to Africa, improve...

Perspective
11 August 2025

ECAs look to advance blended finance agenda as development...

The fourth edition of the UN International Conference on Financing for Development at last recognised the role played by ECAs in development. Moment is building around the...