Business Briefing: Why the UK is funding foreign car firms - NewsBreak
By Gomez in Business
Updated 3 years ago
Advanced Propulsion Centre boss explains logic behind grants to lure EV innovators. REE Automotive is an Israeli start-up with a smart head office in a leafy suburb of Tel Aviv and a listing on the New York stock market that values it at roughly $1.68 billion (£1.24bn). So why did UK taxpayers give it £12.4 million in August to further develop its EV platform?
