Wallstreetcn
2023.11.27 02:59
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The UK launches a £40 billion investment plan for Advanced Manufacturing, promoting industries such as automotive, hydrogen energy, and aerospace.

The UK government officially released the "Advanced Manufacturing Plan" on the 26th, which supports strategic manufacturing industries including automobiles, hydrogen energy, and aerospace through measures such as increasing investment and promoting international cooperation, in order to stimulate the domestic job market. The specific investment scale will exceed 40 billion yuan, and the UK government will allocate approximately 3 billion pounds specifically for the automotive manufacturing and aerospace industries, aiming to promote the development of cutting-edge technologies in these fields and transition towards net-zero emissions. According to the disclosed documents, this plan will provide over 2 billion pounds of funding for the automotive industry (including battery manufacturing) and 900 million pounds for the aerospace industry.

The UK government officially released the "Advanced Manufacturing Plan" on the 26th, which supports strategic manufacturing industries including automobiles, hydrogen energy, and aerospace through measures such as increasing investment and promoting international cooperation, in order to stimulate the domestic job market. The specific investment scale will exceed 40 billion yuan, and the UK government will allocate approximately 3 billion pounds specifically for the automotive and aerospace industries, aiming to promote the development of cutting-edge technologies in these fields and transition to net-zero emissions. According to the disclosed documents, this plan provides over 2 billion pounds of funding for the automotive industry (including battery manufacturing), 975 million pounds for the aerospace industry, 520 million pounds for life sciences manufacturing, and 960 million pounds for green industrial manufacturing (including CCUS, hydrogen energy, power networks, and offshore wind energy). The UK expects to promote 14 billion pounds of commercial investment, create 100,000 high-paying jobs in the UK battery industry, and set a target to increase the UK's hydrogen production capacity to 10GW by 2030.