- Date 27 Apr 2021
Ricardo will leverage its expertise in niche volume manufacturing, battery R&D, second life and recycling, complex supply chain management and strategic consultancy to ‘level up’ the UK supply chain in critical electric vehicle components.
As part of its mission to support the decarbonisation of the global transport and energy sectors, Ricardo, a world-class environmental, engineering and strategic consulting company, has announced that it has received Government funding to assess the commercial viability of a facility to assemble battery packs for UK manufacturers which produce fewer than 10,000 electrified vehicles per year.
These UK electrified vehicle manufacturers include some of the world’s best known prestige brands which create their luxury cars, special vehicles, or off-highway machines for a customer base in the low thousands. This compares with the hundreds of thousands or millions of vehicles produced for the mass market. Funded by the Advanced Propulsion Centre’s Automotive Transformation Fund supported by the Department for Business, Energy and Industrial Strategy, the economic study will consider how to meet the particular battery hardware needs of these diverse manufacturers across a wide range of business sectors, by ensuring a UK supply chain in electric vehicle components.