Britishvolt claims it has received funding for a few weeks and that its 300 employees have accepted a pay cut. The UK government-backed startup is trying to find a buyer,
UK-backed battery firm Britishvolt ‘gigafactory’ considers entering administration
The company is struggling to find investors willing to fund efforts to build giant £3.8bn ‘gigafactory’ in the northeast of England.
Share Talk Weekly Mining Sector News Round-Up, Monday 29th August 2022
A lot going on across the resources sector this week, here are this week’s Share Talk updates.
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.
Share Talk Weekly Stock Market News, Sunday 14th August 2022
Friday’s FTSE 100 index was higher than usual. This is mainly due to gains by US stocks, which were again boosted Wednesday by weaker-than-expected US inflation numbers.
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.
Britishvolt selects Welsh site for UK’s first ‘gigafactory’
Manufacturer Britishvolt has announced that it has signed an MOU with the Welsh Government as both parties work together on plans to develop a commercially viable 30 GWh battery manufacturing