An Australian startup has been named as the new owner of Britishvolt, after the battery firm went into administration last month.
Recharge Industries, which was founded in 2021 and has plans to build a plant to make batteries for electric vehicles in its home country, has won the race to buy Britishvolt from administrators EY. The accountancy firm took over Britishvolt - which wants to build a 3,000 job gigafactory in Northumberland - last month after months of funding problems saw it eventually run out of cash.
Little is known of the Australian company, but it is known to have visited the site in recent days and is confident that it can bring the 3,000-job plan to fruition.
