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
Petrol falls below 150p a litre for the first time since Russia invaded Ukraine
Fuel prices have fallen below 150p a litre for the first time since Vladimir Putin’s invasion of Ukraine.
Drivers are prevented from switching to electric cars by a charging point shortage
Motoring groups warn that Britain’s electric car revolution is being held back by a lack of charging points and high plug-in prices.
UK petrol and diesel dealers accused of failing to pass on declining oil prices to drivers
The sector is already under surveillance by the competition watchdog.
In the UK, there were a record number of public charging stations for electric vehicles in 2022
British companies have installed an unprecedented number of public-electric car chargers in 2022, as they try to control a rapidly growing and potentially lucrative market.
Britishvolt customers put off by high prices as China ramps up battery production
As production methods improve, battery prices will generally decline.
RAC: Rising diesel prices are a severe surprise for motorists in the UK
The third-worst monthly increase in recorded prices was in October, which saw a cost rise of 10p per litre to an average of 190.5p.
Britishvolt averts collapse by providing five-week funding support
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.