The company is struggling to find investors willing to fund efforts to build giant £3.8bn ‘gigafactory’ in the northeast of England.
Britishvolt chief exits North East “gigafactory” amid reported funding issues
Northumberland’s new “gigafactory” will employ 3,000 people. It is the first such facility in the UK.
Huge UK electric car battery factory Britishvolt site grinds almost to a halt to manage costs
According to internal documents, the construction of an enormous electric car battery factory has attracted tens and millions of pounds in taxpayer cash.
Glencore to Invest £40 million in the U.K. Britishvolt Battery Manufacturer
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.