Britishvolt close to collapse
The Financial Times is reporting that UK battery firm Britishvolt is close to collapse after £100 million of funding for its £3.8 billion electric vehicle battery gigafactory failed to materialise.
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Full Throttle: SMMT launches strategy for UK automotive industry
The Society of Motor Manufacturers and Traders (SMMT) has launched a new plan to secure the future of Britain’s automotive manufacturing sector. The ‘Full Throttle: Driving UK Automotive Competitiveness’ strategy, commissioned by SMMT and written by Public First, sets out a “series of bold policy proposals” for this coming year and remainder of the decade, covering “all aspects essential to automotive industry competitiveness.”
AMTE Power to lead £10 million battery R&D project
AMTE PowerThurso, Scotland-based AMTE Power plc has been selected as the lead supplier in a new government-funded three-year project called ULTRA focused on bringing two AMTE Power lithium-ion batteries to automotive readiness.
Britishvolt chooses Mira for new global headquarters
BritishvoltAdvanced battery technology investor Britishvolt has announced its plans to make the Mira Technology Park Campus near Coventry the home of its 5000sqm global headquarters. The company wants its new HQ to be fully operational by 2022. The news follows the UK government’s decision to bring forward its ban on the production of new petrol and diesel cars by 2030. Britishvolt said the facility, in the traditional heartland of the country’s automotive industry, will spearhead the development of battery technologies for future electrified vehicles. Britishvolt adds that it wants to expand the site further to “bring highly skilled and specialist jobs to the West Midlands.” The company wants to build the UK’s first battery gigaplant, supporting the vehicle parc’s transition to electric engines. It is targeting the fourth quarter of 2023 to begin production, having signed an MoU with the Welsh government in 2020.
Britishvolt and Welsh Government sign battery factory MoU
Welsh GovernmentBattery maker Britishvolt has signed an MoU with the Welsh Government to develop a 30 GWh manufacturing plant, and supplementary 200MW solar plant, at the former RAF base at Bro Tathan, Vale of Glamorgan, South Wales. It is anticipated that the initial £1.2 billion of investment from the company could eventually lead towards up to 3,500 jobs. Construction is scheduled to begin in early 2021.
