Britishvolt is to site its new global headquarters in the West Midlands region of the UK.

The new facility, sited in the heartland of the UK automotive industry, will develop battery technologies for future electrified vehicles and follows the British government's announcement to ban all petrol and diesel vehicle production by 2030.

The new 5,000 square metre facility, due to be fully operational by 2022, will be sited at the MIRA Technology Park Campus near Coventry, housing Britishvolt's leadership team. Further developments are also being considered which could see Britishvolt expand the site, opening up the opportunity to bring specialist jobs to the West Midlands.

"A new global headquarters in the West Midlands marks a crucial step for Britishvolt, especially coming so soon after last week's announcement regarding the new 2030 deadline," said Britishvolt CEO, Orral Nadjari.

"The battery industry is constantly evolving and it's important we stay ahead to position the UK at the forefront of the global battery industry. With further development being planned it is in the right place to take advantage of world-class talent.

"We intend to produce batteries, which are strategically important both for the future of the UK automotive industry and the future strength of the entire UK economy. We are hoping to start working closely with local government to help make our additional plans for future development a certainty."