Tag: Britishvolt

Britishvolt: Australian EV Battery Startup Completes Takeover of UK Venture

February 27, 2023
AustraliaBoris JohnsonBritish governmentBritishvoltBusiness & MarketsCompaniesEVEV batteriesgigafactorylevelling upnet zeroUKWorld
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Australian startup Recharge Industries has confirmed that it has completed the takeover of Britishvolt—the UK company that failed to build a battery factory in northeast England. Founded in 2019, Britishvolt had promised to build a £3.8 billion ($4.6 billion) gigafactory to produce batteries for electric cars in Blyth, Northumberland. The company said it would employ…

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Britishvolt Was ‘Highly Risky Project’ and Government Should Walk Away From It: Energy Expert

January 30, 2023
BritishvoltBusiness & MarketsChinaeconomic policieseconomyelectric batteriesenergygigafactoryInvestmentPrime Minister Rishi SunakUKWorld
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Britain should give up on plans for gigafactories making batteries for electric cars and accept that it cannot compete with countries with lower labour costs, according to an energy expert. Britishvolt, a start-up that planned to build a huge factory in Blyth, Northumberland, went into administration earlier this month owing £100 million to creditors. Andy…

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Britishvolt, Key to UK’s Electric Car Ambitions, Falls Into Administration

January 17, 2023
Boris JohnsonBritishvoltBusiness & MarketsCompanieseconomyelectric carelectrical vehiclesenergyInvestmentUKWorld
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Britishvolt, an electric car battery company once praised by former Prime Minister Boris Johnson, has fallen into administration and made the majority of its 300 staff redundant. The company had been promising to build a £3.8 billion gigafactory producing batteries for electric cars in Blyth, Northumberland. But the project ran into serious difficulties months ago…

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