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UK battery start-up Britishvolt on brink of administration
source link: https://www.telegraph.co.uk/business/2022/10/31/uk-battery-start-up-britishvolt-brink-administration/
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UK battery start-up Britishvolt on brink of administration
Glencore-backed company struggles to raise funds for £3.8bn gigafactory
31 October 2022 • 11:54am
A company attempting to build Britain's first large-scale battery plant for electric cars is on the brink of administration, putting hundreds of jobs at risk.Britishvolt, which is backed by FTSE 100 miner Glencore and was championed by former prime minister Boris Johnson, has struggled to raise additional funds for its £3.8bn factory in North East England. ...
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