Blyth gigafactory plans to progress as Britishvolt secures a buyer
Failed battery manufacturer Britishvolt has secured a buyer during its administration process - Australian firm Recharge Industries.
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Failed battery manufacturer Britishvolt has secured a buyer during its administration process - Australian firm Recharge Industries.
Takeover of collapsed company revives hopes for the construction of a £3.8bn ‘gigafactory’ in northern England
Plans to establish a battery Gigafactory in Northumberland have recovered following Recharge Industries’ successful bid for ownership of Britishvolt, which went into administration in on January 17, 2023.
LONDON — Australia’s Recharge Industries said on Monday it had bought Britishvolt, the collapsed startup which had struggled to fund a major electric vehicle…
The Australian firm has bought Britishvolt, which planned a battery factory in the UK to power EVs, out of administration.