Before collapsing in January, Britishvolt held multiple meetings with the government but was unable to access a promised £100 million public grant.
Before collapsing in January, Britishvolt held multiple meetings with the government but was unable to access a promised £100 million public grant.
Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
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
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.
After Recharge purchases assets of a collapsed company, the UK gigafactory will be a reality.
Norwegian suitors show interest in a failed “gigafactory” company that is being sold.
A start-up based in Australia has offered to rescue Britishvolt, the failing electric battery manufacturer. Britishvolt went bankrupt this month.
Britishvolt was the maker of electric vehicle batteries. They have appointed administrators and made around 300 employees redundant.
Velocity Composites plc (AIM: VEL), the leading supplier of digital technology driven composite material kits to aerospace and other high-performance manufacturers, provides the following trading update for the 12 months
Sondrel (Holdings) plc, the fabless semiconductor business providing turnkey services in the design and delivery of ‘application specific integrated circuits’ (“ASICs”) and ‘system on chips’ (“SoCs”) for leading global technology
Symphony Environmental Technologies Plc (AIM:SYM), the global specialist in technologies that make plastic and rubber products smarter, safer and more sustainable, is pleased to announce a supply agreement for its