Australian company Recharge Industries has emerged as preferred bidder for collapsed battery start-up Britishvolt.
Recharge Industries has entered an agreement to buy Britishvolt’s business and assets.
Britishvolt had planned to build a gigafactory to make electric car batteries near Blyth, Northumberland. The facility was intended to supply EV batteries to the UK car industry.
Britishvolt had hoped to build a £3.8bn factory that would create 3,000 skilled jobs. However, the company...
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