Britishvolt plans re-energised on last-ditch offer Collapsed Britishvolt could be saved yet, after Australian start up Recharge Industriesmade a bid on Tuesday
Britishvolt’s gigafactory plans have received a new lease of life from US-Australian startup Recharge Industries, which has made a bid for the collapsed battery firm.
Recharge’s non-binding offer re-energises hopes for the UK-based electric vehicle (EV) battery factory that Britishvolt had been due to build in Northumberland prior to its collapse into administration earlier this month.
Part of New York-headquartered Scale Facilitation,Recharge wants to entirely acquire Britishvolt, rather than just the factory site, according to Australian Financial Review.
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