Latest news with #BethJohnston
TimesLIVE
17-07-2025
- Automotive
- TimesLIVE
JLR-backed battery recycling project gets UK government funding
An EV battery recycling project backed by Jaguar Land Rover (JLR) has received British government funding to recover critical minerals from end-of-life batteries, start-up Mint Innovation said on Thursday. The project to recover lithium, nickel and cobalt from used batteries is part of the £2.5bn (R59.96bn) DRIVE35 programme the UK department for business and trade launched on Sunday to support the transition to electric cars. Why it's important Britain plans to phase out sales of new petrol and diesel cars by 2035. But globally demand for EVs has fallen behind expectations, with consumers citing high upfront costs as the main barrier. By the numbers The lithium-ion battery project will be in Britain's West Midlands and run for three years, Mint Innovation said. The cleantech company's project is backed by Tata Motors' unit JLR, LiBatt Recycling and the Warwick Manufacturing Group department of the University of Warwick. It has secured £8.1m (R194.18m) in funding, including £4.05m (R97m) from the government's Advanced Propulsion Centre UK. Britain's DRIVE35 will commit £2bn (R47.94bn) in funding to 2030 and an additional £500m (R11.98bn) for research and development to 2035 to support job creation and EV innovation, the department for business and trade said. Key quote 'Our advanced processes aim to not only deliver high-quality materials ... but also help to reduce our reliance on virgin materials,' said Beth Johnston, assistant professor at the University of Warwick. Context In April, Britain softened its demands on automakers to shift to EV production, seeking to alleviate pressure on an industry already reeling from US import tariffs. In June, JLR trimmed its fiscal 2026 margin forecast due to slowing global auto demand, months after shelving plans to build EVs at a new $1bn (R17.89bn) Tata factory in southern India.
Time of India
17-07-2025
- Automotive
- Time of India
Jaguar Land Rover-backed battery recycling project gets UK government funding
An EV battery recycling project backed by Jaguar Land Rover has received British government funding to recover critical minerals from end-of-life batteries, startup Mint Innovation said on Thursday. The project to recover lithium, nickel and cobalt from used batteries is part of the 2.5-billion-pound ($3.35 billion) DRIVE35 programme that the UK Department for Business and Trade launched on Sunday to support the transition to electric cars. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Design Thinking Data Analytics Technology Digital Marketing healthcare others Product Management Others Public Policy Data Science Leadership PGDM Artificial Intelligence Project Management Data Science MBA Operations Management CXO Cybersecurity Finance Management Degree Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details WHY IT'S IMPORTANT Britain plans to phase out sales of new petrol and diesel cars by 2035. But globally demand for EVs has fallen behind expectations, with consumers citing high upfront costs as the main barrier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo BY THE NUMBERS The lithium-ion battery project will be in Britain's West Midlands and run for three years, Mint Innovation said in a statement. The cleantech company's project is backed by Tata Motors ' unit Jaguar Land Rover, LiBatt Recycling and the Warwick Manufacturing Group department of the University of Warwick. Live Events It has secured 8.1 million pounds in funding, including 4.05 million from the government's Advanced Propulsion Centre UK. Britain's DRIVE35 will commit 2 billion pounds in funding to 2030 and an additional 500 million pounds for research and development to 2035 to support job creation and EV innovation, the Department for Business and Trade said on Sunday. KEY QUOTE "Our advanced processes aim to not only deliver high-quality materials ... but also help to reduce our reliance on virgin materials," said Beth Johnston, Assistant Professor at the University of Warwick. CONTEXT In April, Britain softened its demands on automakers to shift to EV production, seeking to alleviate pressure on an industry already reeling from U.S. import tariffs. In June, Jaguar Land Rover trimmed its fiscal 2026 margin forecast due to slowing global auto demand, months after shelving plans to build EVs at a new $1 billion Tata factory in southern India.
