Chinese owner of Lotus Technology to list a stake in US via blank cheque firm EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault The interior of the Lotus Eletre performance SUV electric car seen at the Brussels Expo in January… Continue reading Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
Author: The Guardian Online News
London mayor vows to press ahead with Ulez plan at launch of scrappage scheme
London mayor vows to press ahead with Ulez plan at launch of scrappage scheme Sadiq Khan says ultra-low emission zone will be expanded across whole of city in August despite legal threats Sadiq Khan said he was confident of defending any court case brought against the Ulez plans as he launched a £110m scrappage scheme… Continue reading London mayor vows to press ahead with Ulez plan at launch of scrappage scheme
Electric vans startup Arrival to cut 800 jobs amid focus on US market
Electric vans startup Arrival to cut 800 jobs amid focus on US market British firm hopes to benefit from Joe Biden’s green energy subsidies and start production in north Carolina A prototype electric van by Arrival in Banbury in 2021. Photograph: Nick Carey/Reuters A prototype electric van by Arrival in Banbury in 2021. Photograph: Nick… Continue reading Electric vans startup Arrival to cut 800 jobs amid focus on US market
Rolls-Royce is a ‘burning platform’ that must transform, says new CEO
Rolls-Royce is a ‘burning platform’ that must transform, says new CEO ‘We underperform every key competitor out there,’ staff are told in global address by Tufan Erginbilgic An aircraft engine manufactured by Rolls-Royce. The company relies on its civil aerospace business for 40% of revenues. Photograph: Régis Duvignau/Reuters An aircraft engine manufactured by Rolls-Royce. The… Continue reading Rolls-Royce is a ‘burning platform’ that must transform, says new CEO
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