PipeHawk plc (AIM: PIP) has agreed to sell its entire issued share capital in Utsi Electronics Limited to Leidi Global Supply Limited for £1.0 million in cash.
PipeHawk plc (AIM: PIP) has agreed to sell its entire issued share capital in Utsi Electronics Limited to Leidi Global Supply Limited for £1.0 million in cash.
Volkswagen will invest up to $5 billion (£3.9 billion) in the US electric car maker Rivian as manufacturers reassess their strategies amidst uncertain demand.
US private equity investors have acquired the location intended for Britain’s first electric car battery gigafactory, casting doubts on the UK’s net zero objectives.
Shares of Zinnwald Lithium PLC (LON: ZNWD, OTC: ZNWLF) surged over 40% on Wednesday morning following the announcement of a significantly increased resource estimate for its eastern Germany project. 2024
Despite engaging in a fierce price war, China’s leading automakers are struggling to meet their electric vehicle (EV) sales objectives in the world’s largest car market.
Britishvolt, a prospective battery manufacturer based in the UK, is facing additional challenges as its rescuers were targeted in a tax raid by Australian police on Friday.
Before collapsing in January, Britishvolt held multiple meetings with the government but was unable to access a promised £100 million public grant.
According to automotive security experts Ian Tabor and Ken Tindell, car thieves are using a device that costs just £2,000 to break into cars through their headlights.
Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
Recharge Industries, an Australian battery manufacturer, has finalized its acquisition of the collapsed Britishvolt start-up. The company intends to fulfil the failed firm’s proposal to construct a £3.8bn gigafactory in
Teesside’s future lithium hydroxide plant could be a source of supply for Britishvolt, which is looking to save its £3.8bn North East gigafactory.
After Recharge purchases assets of a collapsed company, the UK gigafactory will be a reality.