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EV battery firm Britishvolt under threat of administration

E&T

The company has been developing a £3.8bn gigafactory intended to produce batteries for electric vehicles, in Blyth, Northumberland, where it had hoped to employ up to 3,000 workers. However, the group has been in emergency fundraising talks in recent weeks.

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£1K potential savings for EV drivers with ‘Smart Charging Action Plan’

E&T

The UK government has presented a new plan to boost smart electric vehicle (EV) charging, which it claims could save drivers up to £1,000 a year. . Today also brought bad news for Britishvolt , an EV battery startup which was planning to build a £3.2bn battery-producing gigafactory in Northumberland.

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Battery startup Britishvolt enters administration as rescue talks fail

The Guardian Manufacturing

Staff told majority of firm’s 300 employees would be immediately made redundant on Tuesday morning The battery startup Britishvolt has collapsed into administration after talks about a rescue bid from several investors failed, putting 300 jobs at risk. Britishvolt filed notice to appoint an administrator in the insolvency courts on Tuesday.

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Britishvolt staves off collapse with extra funding and steep staff pay cut

The Guardian Manufacturing

Electric vehicle battery startup still seeking buyer or longer-term investor to avoid administration Britishvolt has said it has secured a few weeks of funding and its 300 staff have agreed to take a steep pay cut, as the UK government-backed battery startup races to find a buyer or new longer-term investor to avoid collapse.

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How did Britishvolt go from charged startup to ‘life support’ patient?

The Guardian Manufacturing

Proposed Blyth battery factory attracted serious backers despite founders’ lack of expertise When Britishvolt started gaining momentum with its plan to build a giant battery factory in north-east England, its timing could barely have been better.

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Northvolt v Britishvolt: clarity v confusion in the great electric car battery race | Nils Pratley

The Guardian Manufacturing

Fast action in global gigafactory race is happening outside UK, as Swedish pacesetter shows In a fantasy world, the would-be rescuer of Britishvolt would be a consortium that included a car manufacturer or two. Continue reading.