Sky's Ian King writes that for all the talk that the company was a crucial cog in our electric vehicle future, there are doubts on whether there was sufficient domestic demand in the first place.
Yet some will argue it is premature to extrapolate Britishvolt's woes to wider prospects for gigafactories in the UK.Its co-founder, Lars Carlstrom, left the company nearly three years ago after it emerged he had been convicted for tax offenses in his native Sweden.
The Guardian newspaper subsequently reported details of his extravagant spending, revealing that the company had leased a seven bedroom £2.8m mansion with a swimming pool and jacuzzi for executives, as well as hiring a Dubai-based fitness instructor to conduct yoga classes for staff remotely.
Britishvolt's main asset, the site at Cambois, is well-located close to a deep-water port and enjoys both good rail links and access to clean energy from Norway. It is highly likely to attract potential buyers.
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