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Monday, 01/30/2023 10:00:40 PM

Monday, January 30, 2023 10:00:40 PM

Post# of 332
Britishvolt plans re-energised on last-ditch offer
Collapsed Britishvolt could be saved yet, after Australian start up Recharge Industries made 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.



https://www.proactiveinvestors.co.uk/companies/news/1004276/britishvolt-plans-re-energised-on-last-ditch-offer-1004276.html

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