Ilika recently raised an additional £24.7m from its investor base to develop and industrialise solid state pouch cells for EV applications. With this strong investor endorsement we reflect here on the wider picture for battery manufacturing in the UK.
The UK is the world’s 9th largest manufacturer and the 10thlargest exporter with a total output of £191bn in 2019. But whilst manufacturing worldwide has been hit by the Covid pandemic, in the UK there are additional problems caused by Brexit with further import regulations causing delays. But it’s not all doom and gloom.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.