Government will invest £246 million to support the development of new battery technologies.
It will fund research, innovation and scale-up facilities for batteries for the electrification of future vehicles and other applications that support an electrified economy. This should lower carbon and help to tackle air pollution while creating new opportunities and industries.
By focusing on the automotive sector initially, the challenge will allow the UK to realise its commitment to move to full electrification and zero emissions vehicles.
It will also make the most of the growing batteries market – estimated to be worth £5 billion in the UK and £50 billion across Europe by 2025.
Innovate UK and the Engineering and Physical Sciences Research Council will deliver the challenge on behalf of UK Research and Innovation.