Embrace the huge opportunity of the electrification of UK Automotive Industry
UK Auto Industry overview
UK is the birthplace of the world industrial revolution. It has made countless proud achievements in the automotive industry and has the largest number of legendary luxury car brands-Jaguar Land Rover, Aston Martin, McLaren, Bentley, etc. Hundreds of years of accumulation in automobile industry have made the UK paying more attention to the new development trend: from manufacturing-driven to technology-driven.The British government's determination to support the upgrading and transformation of the automotive industry has enabled the country to be at the forefront of the global automotive manufacturing research and development.
Electrification on the way
It is estimated that in the next decades, fossil fuel and internal combustion engines will be gradually replaced by battery and fuel cells. In additoin, the technology for connected and autonomous vehicle will be upgraded to a more advanced level of application in wider industries. There is huge opportunity in the new energy vehicle supply chain industry.
Government support and Ten Point Plan
The UK government mandates carbon neutrality by 2050. The UK government announced additional £1bn Automotive Transformation Fund (ATF) in 2020 to support the establishment of large-scale electrification industrial supply chain, including important capital and R&D investments covering all battery related areas, electronic engine, and fuel cell. British PM Boris Johnson outlined a 'Ten-Point-Plan’ for green industrial revolution in 2020, setting the ambition to end the sale of new petrol and diesel cars and vans from 2030, and the sale of hybrid cars and vans from 2035.
UK auto industry turnover in 2019
cars built in the UK in 2019
of the car manufactured in UK are exported
invested in R&D in 2019
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