Ricardo will leverage its expertise in niche volume manufacturing, battery R&D, second life and recycling, complex supply chain management and strategic consultancy to ‘level up’ the UK supply chain in critical electric vehicle components.
As part of its mission to support the decarbonisation of the global transport and energy sectors, Ricardo, a world-class environmental, engineering and strategic consulting company, has announced that it has received Government funding to assess the commercial viability of a facility to assemble battery packs for UK manufacturers which produce fewer than 10,000 electrified vehicles per year.
These UK electrified vehicle manufacturers include some of the world’s best known prestige brands which create their luxury cars, special vehicles, or off-highway machines for a customer base in the low thousands. This compares with the hundreds of thousands or millions of vehicles produced for the mass market. Funded by the Advanced Propulsion Centre’s Automotive Transformation Fund supported by the Department for Business, Energy and Industrial Strategy, the economic study will consider how to meet the particular battery hardware needs of these diverse manufacturers across a wide range of business sectors, by ensuring a UK supply chain in electric vehicle components.
Martin Starkey, Managing Director for Ricardo Performance Products said: “The UK automotive industry has a diverse mix of sector-leading manufacturers. The volume requirements and flexible product specifications of niche volume manufacturers are not aligned with the high-volume outputs from emerging ‘gigafactories’. A niche volume battery manufacturing facility will help to establish a robust supply chain for these critical electrification components. In doing so, it will deliver national competitive advantage for the UK, and support the mass adoption of electrification by making it more affordable, helping to contribute to the green bounce back through sustainable practices. Ricardo’s future manufacturing strategy is very much aligned to this emerging need for electrified vehicle components. Leveraging our proven track record in industrialising technology, we are very pleased to have received the funding, which will enable us to pursue this strategy, and help the UK reach its ambitious targets to achieve its net zero goals.”
Automotive Transformation Director at the APC, Julian Hetherington said: “As part of the second round of feasibility study funding by the Automotive Transformation Fund, we are pleased to make a funding award to Ricardo. This funding is a great start in supporting companies like Ricardo as they advance their future product development and manufacturing processes for a future net-zero vehicle supply chain.”
As part of the study, Ricardo will assess how the proposed facility could help minimise the risk of scaling up the innovation of new battery concepts to niche volumes. Harnessing its world-renowned expertise in batteries, the company will also explore opportunities to minimise the environmental impact of battery pack manufacture through ‘second life processing’ and recycling of core elements from construction.
This award of funding adds further to Ricardo’s credentials in boosting the UK’s electric vehicle manufacturing sector. Ricardo is leading the UK-ALUMOTOR consortium, supported by the Driving
Electric Revolution Challenge fund through UK Research and Innovation, which will establish a UK supply chain for electric machines to deliver next generation sustainable electric motors.