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A report examining the UK Chemical Supply Chain for Battery Manufacture has found that the UK chemical sector could capture a £4.8bn per annum market share by 2030 meeting the needs of UK-built vehicles alone.

Following a deep assessment of the current capability to support the development and growth of the UK’s battery manufacturing industry, the forecasts are based upon the strong foundation of UK-based companies who are already embedded within many global battery supply chains. Currently three fifths of a vehicle battery pack’s value is the chemicals and materials. With the UK boasting some of the largest suppliers of materials to produce cathodes, anodes and electrolytes, the UK is well-placed to capitalise on this.

Read the full report here>