Britain is close to winning a major battery plant for electric vehicles as Tata Group, the parent company of Jaguar Land Rover, leans toward choosing it over Spain.
Tata, a conglomerate involved in industries from cars to salt, is currently favoring a factory in England after the U.K. government offered a support package, according to people familiar with the matter.
No final decision has been made, and Tata could still decide on another location, the people said.
A decision in favor of the U.K. by Tata would secure the future of JLR’s plants in the country and mark a major coup for the government, as Spanish authorities were battling to win the investment.
The plant -- to be based in Somerset, England -- would make batteries for Jaguar Land Rover’s planned range of full-electric models that are due from 2024.