Plans for a gigafactory in the North East that would produce batteries for electric vehicles are close to collapse, reports say.
The Britishvolt scheme to build a gigafactory near Blyth, Northumberland, is aiming to create 3,000 direct jobs and another 5,000 in its supply chain. But the company admitted earlier this month that it was in emergency talks over funding, and new reports say the company is considering going into administration.
Britishvolt has declined to comment on the reports and says it is “working on several potential scenarios that offer the required stability.” The company hopes to produce more than 300,000 lithium-ion batteries a year on the site of the former coal yards of the old Blyth Power Station.
