BritishVolt secures gov funding for UK gigafactory; concerns on raw material supply grow

The British government has provided an in-principle funding offer of around £100 million ($135.6 million) to battery manufacturer BritishVolt for its planned gigafactory in Blyth, England.

Once completed, the factory will produce enough batteries for more than 300,000 electric vehicles (EVs) per year.

UK-based BritishVolt hopes to leverage the existing battery ecosystem within the UK...

Published

Callum Perry

January 21, 2022

13:43 GMT

London