UK’s biggest EV battery gigafactory shelves expansion as Jaguar Land Rover talks stall

Chinese-owned AESC has pushed back plans in sign of slowing transition from petrol and diesel to electric carsAndy Burnham moves to cut new EV sales targetsThe UK’s biggest gigafactory has shelved plans to expand production in Sunderland because of stalled talks on a deal to supply electric car batteries to Jaguar Land Rover.Chinese-owned AESC produces batteries for Nissan at its gigafactory next door to the Japanese carmaker’s Sunderland plant. However, AESC has had to push back its ramp-up plans because of lower-than-expected demand from Nissan and the lack of a deal with JLR, according to people with knowledge of the situation. Continue reading...