US private equity investors have acquired the location intended for Britain’s first electric car battery gigafactory, casting doubts on the UK’s net zero objectives.
Britishvolt a prospective battery manufacturer hit in police tax raid
Britishvolt, a prospective battery manufacturer based in the UK, is facing additional challenges as its rescuers were targeted in a tax raid by Australian police on Friday.
Britishvolt had discussions with the government and funding prospects prior to its collapse
Before collapsing in January, Britishvolt held multiple meetings with the government but was unable to access a promised £100 million public grant.
Britishvolt collapsed owing about £160 million to unsecured creditors
Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
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
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.
Britishvolt customers put off by high prices as China ramps up battery production
As production methods improve, battery prices will generally decline.