Battery start-up Britishvolt files for administration The move comes as a blow for the UK’s ambitions to gain a foothold in the global EV battery market Evening Standard · Jan 17, 2023
Britishvolt holds eleventh-hour meetings in bid to save business A third consortium is also now said to be in the running for a potential takeover of the Northumberland start-up Birmingham Post · Jan 16, 2023
Pivotal moment for future of Britishvolt project approaches The firm's board is due to consider a rescue deal on Friday, reported to involve private equity investor DeaLab Group and Barracuda Group Birmingham Post · Jan 12, 2023
Britishvolt valuation plunges 96% in blow to UK EV ambitions The start-upis seen as a crucial element of the UK’s drive to grow its electric vehicle manufacturing capability Evening Standard · Jan 10, 2023
Obscure Indonesia-linked investor circles UK’s Britishvolt with £160m deal Talks on rescue deal for battery startup led by DeaLab, which has been involved in fossil fuel transactions The Guardian - UK · Jan 10, 2023
UK battery startup Britishvolt in talks to sell majority stake Company says it is hoping to secure long-term funding so it can build ‘gigafactory’ in Blyth, Northumberland The Guardian - UK · Jan 9, 2023
Electric battery firm Britishvolt in talks to sell majority stake Britishvolt is in discussions with a consortium of investors concerning the potential majority sale Birmingham Post · Jan 9, 2023
Britishvolt in talks to sell majority of company to rescue 3,000-job plan The identity of the potential investors has yet to be revealed, but a sale could safeguard the plant's future Chronicle Live · Jan 9, 2023
The year in North East business: the 10 biggest stories of the year From the travails of Britishvolt and Go-Ahead to good news on inward investment and city centres, it has been a busy 12 months Birmingham Post · Dec 26, 2022
Battery startup Britishvolt ditches plans for second plant in North America The company has also confirmed executives will not take salary payments next month as it seeks to secure extra funding Birmingham Post · Nov 29, 2022
Britishvolt scraps plan for second factory in Canada Troubled startup battery maker formally abandons long-shot plan to build 60GW plant in Quebec The Guardian - UK · Nov 27, 2022
Further calls on Government to support 'vital' Britishvolt factory amid financial troubles There have been reports of the company's financial difficulties for some time Chronicle Live · Nov 19, 2022
Britishvolt saga exposes the danger of short-termism Letters: Turning innovation into solid economic success requires patience – just look at civil aerospace production, says Prof Keith Hayward. Plus letters from Bruce Tofield and Jon Bloomfield The Guardian - UK · Nov 17, 2022
Concerns over Britishvolt gigafactory plans as receivers appointed to subsidiary Katch Fund Solutions - Britishvolt's secured creditor - has obtained the order to appoint receivers Birmingham Post · Nov 16, 2022
The Guardian - UK · Nov 13, 2022 The Guardian view on Britain’s electric vehicle industry: slow-motion car crash Editorial: The struggles of a flagship battery manufacturer point to a wider malaise
The Guardian - UK · Nov 11, 2022 The woes of startup Britishvolt should shock the UK out of its Brexit self-delusion The government must accept the limitations of its industrial strategy and focus on services that improve people’s lives, says David Edgerton, professor of modern British history
Birmingham Post · Nov 7, 2022 Advisors Lazard given five weeks to find Britishvolt gigafactory buyer, reports claim Reports follow comments made by the Business Secretary over Government’s refusal to allow Britishvolt to draw down funds
Chronicle Live · Nov 7, 2022 Britishvolt advisors given weeks to find buyer for Blyth plant, reports claim It has been claimed that Lazard has five weeks to find new owners for the gigafactory
The Guardian - UK · Nov 4, 2022 ‘UK could miss out’: is government doing enough for car battery industry? In part three of our series on the UK’s battery ambitions, we look at its attempts to encourage ‘gigafactories’
Birmingham Post · Nov 4, 2022 Britishvolt money 'hasn't gone anywhere' says Business Secretary Grant Shapps His comments came a day after his Labour counterpart accused the Government of abandoning the 3,000 job project
Chronicle Live · Nov 3, 2022 Government accused of abandoning Britishvolt and hope of 3,000 jobs Britishvolt has been hampered by lack of investment including a Government refusal to forward £30m of a £100m grant
Birmingham Post · Nov 3, 2022 Labour accuses Government of abandoning Britishvolt amid funding challenges The Shadow Business Secretary was at the Northumberland site, days after it emerged the Government had refused Britishvolt an early drawdown of part of a promised £100m grant
Chronicle Live · Nov 2, 2022 Britishvolt staff take pay cut as short term funding secured for weeks ahead The battery start-up was responding to reports it could face administration
Birmingham Post · Nov 2, 2022 Britishvolt confirms staff on reduced pay as funding secured to stave off collapse The battery manufacturer responded to reports that it was close to administration amid emergency funding talks
The Guardian - UK · Nov 2, 2022 Britishvolt staves off collapse with five weeks of funding and steep staff pay cut Mining giant Glencore stumps up cash as EV battery startup seeks buyer or investors to avoid administration