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Funding announced for Car Battery Plant in the UK

Funding announced for Car Battery Plant in the UK

A firm planning mass production of electric car batteries in the UK has secured government funding for its proposed factory in Northumberland.Britishvolt announced plans for the so-called gigafactory in Cambois two years ago, saying it would create 3,000 jobs.The BBC understands the government has committed about £100m through its Automotive Transformation Fund.Britishvolt also announced backing from investors Tritax and Abrdn, that should unlock about £1.7bn in private funding.Business Secretar …
21st Jan 2022 PS24

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