Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
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.
Norwegian suitors show interest in a failed “gigafactory” company that is being sold.
A start-up based in Australia has offered to rescue Britishvolt, the failing electric battery manufacturer. Britishvolt went bankrupt this month.
Britishvolt was the maker of electric vehicle batteries. They have appointed administrators and made around 300 employees redundant.
Zinnwald Lithium plc, the German-focused lithium development company, is pleased to announce that it has started its in-fill drill programme at the Zinnwald Lithium Deposit having received all necessary permits
Russian car sales fell 84% in May as sanctions and international isolation put an industry that was once a hub for foreign investment to a near halt.
Bloomberg reported that Glencore Plc has made a 40 million-pound ($54.2 Million) investment in Britishvolt Ltd. for the development of Britain’s first large-scale electric vehicle battery plant.
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