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Birmingham Post
Birmingham Post
Business
Coreena Ford

North East deals of the week: key acquisitions, investments and contract wins

Britishvolt has secured investment that signals plans to power maritime as well as automotive vehicles.

Britishvolt’s is working on plans on the former Blyth Power Station coal yards, which is hoped will create 3,000 direct jobs and another 5,000 through its supply chain once it opens in 2024.

The company – which secured “tens of millions” in funding from the Government – has already signed memorandums of understanding with both Lotus Cars and Aston Martin, which will see it develop electric vehicles powered by Britishvolt cells.

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