Britishvolt collapses

The firm had planned to build a giant factory to make electric car batteries in Blyth, Northumberland. Ministers had hailed it as a “levelling up” opportunity that would boost the region’s economy and support the future of UK car making. But Britishvolt struggled to turn a profit and ran out of money…

The UK currently only has one Chinese-owned battery plant next to the Nissan factory in Sunderland…Industry experts have said the UK will need several battery factories to support the future of UK car making…

Delays to construction meant £100m of public funding never materialised. With costs rising and no firm orders, the money ran out.

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