EV Technology Group has entered into terms with MEPC Silverstone Park, securing a 90,000sq ft industrial lease at the motoring site.
The new facility comprises EV Technology Group’s ‘EV Centre of Excellence’, and has been constructed by MEPC, and is a part of MEPC’s latest 265,000sq ft development at Silverstone Park.
The new Silverstone facility will allow EV Technology Group and its subsidiaries to expand electric vehicle (EV) manufacturing and assembly capacity.
Wouter Witvoet, chief executive officer and and founder of EV Technology Group, said: “Silverstone has been the home to many iconic motoring stories - and our future electrifying iconic brands here will be part of its next chapter.
“The site’s location puts us in the heart of the booming UK EV industry and will allow us to scale manufacture and assembly of electric brands such as the iconic Moke.”
The announcement follows the recent announcement of the proposed acquisition by EV Technology Group of Fablink Group Holdings, a tier one contract manufacturer in the UK, which operates seven manufacturing and assembly sites with more than 750 employees.
Fablink operates its Streamline Automotive Division, which services the increasing demand in the UK for contract vehicle assembly services, especially in the EV sector, the group said.
The new facility will house the company’s EV engineering and development hub, whilst also providing facilities for Streamline Automotive for vehicle assembly and finishing.
The company said the site presents an opportunity to take advantage of the large, skilled local labour pool within commuting distance of the site.
The group said Silverstone Park is seeing the development of EV and technology related businesses, increasing talent density and corporate linkages in the area.