Battery start-up Britishvolt had been holding emergency talks as it seeks a last-minute reprieve to avoid tumbling into administration (Britishvolt/PA)
(Picture: PA Media)The UK’s ambitions to become a key player in the global market for electric vehicles suffered a blow today after the valuation of battery start-up Britishvolt fell over 90%.
A rescue deal has valued the beleaguered EV battery maker at just £32 million, according to reports in the Financial Times, down from the £774 million it was valued at in a funding round in February last year.
