The company that wanted to build a 3,000-job ‘gigafactory’ in Northumberland has been sold after last month going into administration.
Britishvolt has been sold to Australian firm Recharge Industries, which will now aim to make plans for the battery plant at Cambois a reality.
Little is known of the Australian company, which like Britishvolt is a new business that was only founded in 2021. But the company, which is also trying to build a battery plant at Geelong, near Melbourne, is known to have beaten other businesses interested in Britishvolt.