Britishvolt founder Orral Nadjari has stepped down as CEO of the UK battery technology company.
Deputy CEO and president of global operations Graham Hoare – who was previously chairman at Ford of Britain – will take over in the interim.
Britishvolt founder Orral Nadjari has stepped down as CEO of the UK battery technology company.
Deputy CEO and president of global operations Graham Hoare – who was previously chairman at Ford of Britain – will take over in the interim.
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Well that's a complete mischaracterisation of what was written in the Guardian, a report written from an internal Britishvolt presentation which was issued just two days before they received the grant from HMG.
Even if groundwork was completed ahead of schedule, and, even if, there are design changes going ahead (in itself not necessarily a good thing), the presentation was still a scoping document that was concerned with budget mitigation. The "life support" option chosen was just one of several options on the table including suspending all but electrical infrastructure work until June next year. These are not "awaiting design" comfort breaks. These are programme impact decisions based on cash flow. Decisions taken even when they knew a tax payer funded grant were forthcoming, and there remains some doubt on the cash flow point for the next couple of weeks or so. But even then, by all accounts, not even 50% of the projected costs will have been realised.
And, now, their second of two Co-founders has jumped ship (the first being a convicted tax fraud), because CEOs always do this when everything is going just brilliantly!
Why do you do this Autocar? Where are your journalistic faculties? Is it "wave a shiny trinket" (in the form of "big name backers" in this case") and you get all giddy?
You did the same with Lotus under Bahar and his ridiculous junket to China, trying to setup a dealer chain in Tier 2 and 3 cities (because everyone in Baotou wants a Lotus, FFS), and now you're doing it with TVR.
Creating something new, from the ground, is always challenging, can be exciting, often fraught, but can also be incredibly rewarding. Faking it until you make it, with code tapped out in a small room, has led to some great things, but even when it doesn't the impact is minimal to outsiders and the creators usually come up with something else, having learned from their experience. Faking it until you make it with real tangible objects, in actual locations, is a very high risk strategy. When it goes wrong it screws with the lives of ordinary people and leaves social scars behind long after the site has been repurposed. All the while the likes of Calstrom, Nadjari, and Hoare will pop up somewhere else, with a new plan, having been insulated against the effects of the previous failed one. But here we have complete, unquestioning, brown nosing.
Why?
Are you afraid of losing out on something?
A company from which I can tell has absolutely no history in producing batteries. Not one.
Wants to build a factory at the cost of £3.8bn, manufacturing something they have zero expertise in.
Have they even licensed the intellectual property rights to an existing battery?
This sounds even worse than the Chunghwa factory in Scotland. At least they were a company which had made something before building an out of date factory!