The UK automotive industry has made a profitable transition in the era of global automotive groups, and is an important manufacturing venue for roughly all the prime players – delivering vehicles into the rest of the European Union and beyond from modern plants with productivity that matches the world leaders.
The major automotive companies are investing in manufacturing sector and UK is the preferable country for all the players in automotive industry. The reason for this huge investment in UK is for the Excellence in innovation the UK represents.
Main global automotive groups such as Nissan, Toyota and Honda have advance research centers in the UK, and now companies from newer automotive superpowers such as China and India are setting up bases in the UK. The automotive groups are drawn to the UK because of innovation and the infrastructure supporting engineering research and education. The companies are welcoming new innovation partnerships which encourage the involvement of small companies and which are “porous to new technologies from outside”.
This kind of ‘open innovation ecosystem’ is particularly suited to electric vehicle development which will give rise in low carbon and electrical vehicle industry in UK. The Financial Times has forecast that annual UK vehicle production will exceed its historic peak level by 2017.