Britishvolt, the company which failed to build a battery factory in the north-east of England, has been bought by Australian firm Recharge Industries.
Britishvolt, the company behind a planned battery factory to power electric cars, has been bought out of administration by Australian firm Recharge Industries.Recharge Industries had beenIts chief executive David Collard said the Britishvolt brand name would remain, as well as the ambition to complete Britishvolt's electric vehicle battery factory in Blyth, Northumberland.
"I spent a lot of time with Northumberland County Council. They genuinely want a gigafactory and the best thing for their people," Mr Collard told the BBC.Billions of private funding for the project was contingent on the payment of state funds. "Anyone will take free money but at the end of the day what we want is bi-partisan support and we have that in Australia and the US."
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