News
Plans initially set out by failed start-up Britishvolt to build a £3.8 billion electric car battery gigafactory in north-east England look to have ended after three years.
The proposed 95-hectare site for the factory is close to being sold to US-based Blackstone Group, one of the world’s biggest private equity firms, which intends to develop the site and build one of the largest data centres in Europe.
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I don't know what they're spending £ 3 million a month on. They haven't produced a battery to show Autocar yet!
And would any of these automotive manufacturers really sign up to a supply deal that really is just a fantasy? A company with zero history in producing batteries says it's going to start producing billions of them? And looking for billions in investment so they can start?
Lacks credibility.