I Satisfaction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

let's get down to business. an australian firm — recharge industries — has come to the rescue and bought the battery maker britishvolt out of administration. the deal is expected to be announced shortly. britishvolt had plans to build a £4 billion gigafactory near the port of blyth in northumberland, but it ran out of money and collapsed last month. its downfall was blamed on a lack of battery experience, unproven technology, and therefore no customers oi’ revenue. the new owner is another start—up. recharge industries is owned and run by a new york—based investment fund c...

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