U.K. to unveil battery plant strategy in bid to retain automakers

The U.K. is poised to unveil plans to boost green manufacturing, as it seeks to lure investment in a new battery plant from Jaguar Land Rover parent Tata Group. The government’s “Advanced Manufacturing Plan” will form part of the U.K. response to U.S. President Joe Biden’s $369 billion package of green subsidies and tax credits, three people familiar with the plan said. Ministers including Energy Secretary Grant Shapps have expressed concerns that the American plan — and the European Union response to it — risked triggering protectionism. The Indian conglomerate is nearing a decision to pick Spain or the U.K. for a battery plant that will supply Jaguar — a British automaker. U.K. officials have also raised fears that Drax Group may divert 2 billion pounds ($2.43 billion) of planned investment in carbon capture to the U.S.