Australian company Recharge Industries has bought Britishvolt, after the company went into administration in January. The purchase will come as a relief to many in the UK’s automotive industry, especially as the importance of localised production grows.
Under plans presented by the Australian battery-technology company, Britishvolt will look to establish the UK’s first gigafactory in Cambois, Northumberland. The site looks to be a cornerstone in the country’s industrial and sustainability strategy while providing thousands of green, skilled, and local jobs.
‘We are thrilled to have been successful in our bid for ownership of Britishvolt; our plans are the right ones for the local community and the UK economy,’ said David Collard, founder and CEO of Scale Facilitation. ‘Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly.’