Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year

Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year Several bids are understood to have been made for assets of failed electric vehicle battery startup The site in Blyth, Northumberland, where Britishvolt had planned to build a factory to make batteries for electric vehicles. Photograph: Owen Humphreys/PA The site in Blyth, Northumberland, where… Continue reading Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year

Bid by Australian startup Recharge could revive UK battery company Britishvolt

Bid by Australian startup Recharge could revive UK battery company Britishvolt Recharge Industries, which also plans a factory in Geelong, says nonbinding offer is in the company’s interests, as well as that of ‘our friends in the UK’ The site in Blyth, Northumberland, where Britishvolt had plans to build a gigafactory to make batteries. The… Continue reading Bid by Australian startup Recharge could revive UK battery company Britishvolt

Ford to cut 3,200 jobs in Europe and move some work to US

Ford to cut 3,200 jobs in Europe and move some work to US Most of roles are in Germany but others could fall at sites in Belgium and UK, say reports Ford said it was committed to building an all-electric portfolio of vehicles in Europe. Photograph: Friedemann Vogel/EPA Ford said it was committed to building… Continue reading Ford to cut 3,200 jobs in Europe and move some work to US

EU ‘could end reliance on China for electric car batteries by 2030’

EU ‘could end reliance on China for electric car batteries by 2030’ Prediction predicated on investment that keeps pace with Joe Biden’s $369bn green subsidy spree in US A lithium-ion car batteries factory in Nanjing, China. There are no lithium refineries in Europe, with about 90% of the world’s processing taking place in east Asia.… Continue reading EU ‘could end reliance on China for electric car batteries by 2030’

The Observer view on the free market thinking that failed Britishvolt | Observer editorial

The Observer view on the free market thinking that failed Britishvolt Observer editorial The government’s hands-off approach meant the odds were against the EV battery startup from the start Construction work at the Britishvolt site in Blyth, Northumberland, was ‘paused’ in the summer of 2022. Photograph: Owen Humphreys/PA Construction work at the Britishvolt site in… Continue reading The Observer view on the free market thinking that failed Britishvolt | Observer editorial

Britishvolt: how Britain’s bright battery future fell flat

Artist’s impression issued by Britishvolt of its first full-scale UK battery gigafactory in Blyth, Northumberland. Photograph: Britishvolt/PA Startup that hoped to transform UK car production was once valued at more than £800m, but collapsed worth a tiny fraction of that by Jasper Jolly When Britishvolt, a startup hoping to transform UK car production by making… Continue reading Britishvolt: how Britain’s bright battery future fell flat

China takes great leap forward in Australia’s car market with EVs leading the charge

China takes great leap forward in Australia’s car market with EVs leading the charge Exclusive: Sales of Chinese-made vehicles increased 61% in 2022 with one industry expert saying companies are ‘innovating faster’ Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails, free app or daily news podcast… Continue reading China takes great leap forward in Australia’s car market with EVs leading the charge

Where does the Britishvolt collapse leave UK’s dream of an electric future?

Analysis Where does the Britishvolt collapse leave UK’s dream of an electric future? Jasper Jolly Britain’s car industry relies on petrol or diesel vehicles – and every failure to be part of the electric revolution makes it more exposed Britishvolt enters administration as rescue talks fail An artist’s impression of the proposed Britishvolt gigaplant in… Continue reading Where does the Britishvolt collapse leave UK’s dream of an electric future?

Polestar boss Thomas Ingenlath’s drive for a truly emission-free car

Interview Polestar boss Thomas Ingenlath’s drive for a truly emission-free car Jasper Jolly Thomas Ingenlath: training as a designer was ‘superfrightening’ for his parents. Photograph: Richard Cannon/Eyevine Thomas Ingenlath: training as a designer was ‘superfrightening’ for his parents. Photograph: Richard Cannon/Eyevine The Swedish-based electric carmaker has pulled ahead of rivals thanks to its no-factory model… Continue reading Polestar boss Thomas Ingenlath’s drive for a truly emission-free car

Battery startup Britishvolt expected to enter administration on Tuesday

Battery startup Britishvolt expected to enter administration on Tuesday EY is understood to be ready to take control after talks about a rescue bid fail Britishvolt’s executive chairman, Peter Rolton, at the site of its planned battery factory. Photograph: Nick Carey/Reuters Britishvolt’s executive chairman, Peter Rolton, at the site of its planned battery factory. Photograph:… Continue reading Battery startup Britishvolt expected to enter administration on Tuesday