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.
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.