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Aussie start-up leads race to rescue failed Britishvolt
Evening Standard
|February 06, 2023
AN Australian start-up company today emerged as the preferred bidder for what is left of the collapsed electric vehicle battery firm Britshvolt.
Britishvolt came with high hopes attached - it was supposed to be central to the UK's electric car revolution with plans to employ 3000 in a gigafactory in Blyth.
Amid funding problems, it failed last month, leading to 200 immediate job losses. Today administrators EY said Recharge Industries would take over, with "completion of the acquisition is expected to occur within the next seven days". Around 30 original staff have been retained.
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