Australian company saves bankrupt UK car battery firm
Recharge, preferred bidder for Britishvolt, expected to complete purchase this week
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Recharge, preferred bidder for Britishvolt, expected to complete purchase this week
An Australian start-up has been selected as the preferred business to buy Blyth's Britishvolt out of administration.
The Geelong-based battery start-up Recharge Industries is one step closer to taking over collapsed UK battery maker Britishvolt.
Geelong-based Recharge Industries is one of the few contestants still vying for the collapsed UK battery maker and its $6.7 billion gigafactory plan.
Just weeks after announcing its intent to build a AUD 300 million ($210 million) lithium-ion battery manufacturing facility in Australia, Recharge Industries has reportedly joined a host of other bidders considering the revival of collapsed UK battery company Britishvolt. Investment could also revive plans to construct a battery cell gigafactory in northern England.