Tesla and Apple stock prices have plummeted due to growing concerns over delays in China’s production lines.
Volkswagen orders factory workers in China to work longer hours following Covid illness
Volkswagen told workers in China that they need to work overtime to recover production losses from a wave of Covid illness.
Britishvolt customers put off by high prices as China ramps up battery production
As production methods improve, battery prices will generally decline.
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.
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.
Putin cancels Russian plans for storming Mariupol’s steel plant and opts instead to blockade
On Thursday, President Vladimir Putin ordered that the Russian military cancel its plans to storm the Azovstal factory in Mariupol, Ukraine. He also stated that he would prefer it to
ITM Power PLC (ITM.L) Gigafactory Official Opening, UK Hydrogen Strategy, Sheffield, UK
Launch of UK Hydrogen Strategy at Official Opening of Bessemer Park Gigafactory World’s largest electrolyser factory in Sheffield opened by Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial