Stay updated with breaking news from Scale Facilitation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australian firm Recharge Industries has completed its acquisition of UK battery manufacturer Britishvolt, raising the prospect of work resuming on a vehicle-battery gigafactory in Northumberland
The deal revives plans to build the UK's first gigafactory in Northumberland, although the new owner has different plans for Britishvolt's future.
Recharge Industries is also developing Australia's inaugural large-scale lithium-ion cell production plant
Britishvolt has been bought by the Australian company Recharge Industries which intends to go ahead with the Britishvolt plan to build a £3.8 billion
Takeover renews hopes for Britain’s slumping electric car industry