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Recharging Britishvolt
Linda Hall
RECHARGE INDUSTRIES, an Australian company was named preferred bidder for Britishvolt which collapsed last month.
The company manufactured batteries for electric cars and would have built a £3.8 billion (€4.3 billion) factory near Blyth in Northumberland with government funding had it found investors. Instead, it went into administration.
As reported in the Euro Weekly News, Recharge Industries, an Australian startup, showed an immediate interest in Britishvolt and outbid rivals for the company.
Recharge Industries put together an ‘aggressive’ package that revived hopes of going ahead with the £3.8 billion (€4.3 billion) gigafactory in the north of
England, which could supply UKbuilt electric vehicles without relying on Chinese materials. It would also provide 3,000 skilled jobs.
The Australian company, a startup linked to the New Yorkbased Scale Fa
