Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
Brussels’ ban on petrol and diesel cars has been blocked by Germany and Italy.
Germany and Italy have caused disruption to a proposed European Union to ban on new petrol and diesel cars as they demand exceptions to protect their influential automobile industries.
Plans for UK first electric car battery gigafactory are back on track – Britishvolt
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
As petrol prices continue to drop, drivers are becoming less interested in electric cars.
According to the AA, as petrol and diesel prices drop and the cost of electricity surges, the number of motorists interested in purchasing electric cars has significantly decreased.
Alkemy Capital, which is owned by Tees Valley Lithium signs agreement with Britishvolt buyers Recharge Industries
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.
Australian EV battery maker buys Britishvolt out of administration
After Recharge purchases assets of a collapsed company, the UK gigafactory will be a reality.
Britishvolt’s collapsed battery-maker triggers bidding war
Norwegian suitors show interest in a failed “gigafactory” company that is being sold.
Breaking: Australian battery maker makes a bid for Britishvolt
A start-up based in Australia has offered to rescue Britishvolt, the failing electric battery manufacturer. Britishvolt went bankrupt this month.
Electric car battery maker Britishvolt enters administration
Britishvolt was the maker of electric vehicle batteries. They have appointed administrators and made around 300 employees redundant.
Breaking: Electric car battery maker Britishvolt is on the brink of collapse
Britishvolt, the UK’s electric car battery manufacturer, was championed in part by Boris Johnson. It is expected to announce its administration.
Electric car production slows as drivers opt for cheaper wet fuel models
Electric cars are approximately £10,000 more expensive than petrol equivalents