Latest Breaking News On - Britishvolt - Page 16 : comparemela.com

Transcripts for BBCNEWS Outside Source 20240604 19:02:00

so what went wrong? britishvolt was a start up company with no track record. their battery technology was only at the prototype stage. although there are expressions of interest from lotus and aston martin, they had no real customers and therefore no revenue. and yet they were burning through their backers cash fast, nearly going bust last november and finally collapsing today. this is a setback for the uk car industry. currently, the uk only has one working battery plant, a chinese owned one next to the nissan plant which is its only customer. but look at this. around europe, these are the plants that are either already working or under construction, with many more planned. and remember, the sale of new petrol and diesel cars will be banned in the uk and other european markets in just seven years time. where does this leave uk government plans to ban the sale of new petrol and diesel cars from 2030 as it

Start up companyTrack recordBattery technologyPrototype stageAston martinCar industryWorking battery plantCash fastBust last novemberDubbed europe s

Transcripts for BBCNEWS Outside Source 20240604 20:03:00

this is colin walker, transport lead at the energy and climate intelligence unit. in its net zero strategy, the government said it wanted the uk s automotive sector to stay at the cutting edge and capture the jobs of the future. building a domestic battery manufacturing sector is crucial if this ambition is to be realised. well around a year ago, former prime minister borisjohnson talked of the britishvolt plant being part of the uk s global green industrial revolution . and his government promised britishvolt100 million pounds in support. but when the company asked for a thirty million pound advance last year, ministers refused, as the company had not hit agreed construction milestones to access the funds. this is a government statement today: we offered significant support to britishvolt through the automotive transformation fund on the condition that key milestones, including private investment commitments were met. we remained hopeful that britishvolt would find a suitable inv

Scottish governmentColin walkerBuilding a domestic battery manufacturing sectorCutting edgeBoris johnsonConstruction milestonesBritishvolt plantGlobal green industrial revolutionThirty millionGigafactories need supportGovernment statementTransformation fundInvestment commitmentsSteve bushUnite union

Transcripts for BBCNEWS Outside Source 20240604 20:02:00

to build a new 3.8 billion pound or 4.7 billion dollar factory in northumberland, northern england, as part of a long term vision to boost uk manufacturing. well this promotional video shows what the factory with a capability to make 300,000 electric batteries a year would have looked like. the plan was to create 3000 jobs at the plant. now administrators have taken over the business and most of britishvolt s 300 staff are being made redundant. here s our business editor simonjack: so what went wrong? britishvolt was a start up company with no track record. their battery technology was only at the prototype stage. although there are expressions of interest from lotus and aston martin, they had no real customers and therefore no revenue. and yet they were burning through their backers cash fast, nearly going bust last november and finally collapsing today. this is a setback for the uk car industry. currently, the uk only has one working battery plant, a chinese owned one next t

Video showsElectric batteries aNorthern england4 7 billion dollar4 7 billion3 8 billionStart up companyTrack recordBattery technologyBusiness editor simonjackPrototype stageAston martinCar industryDubbed europe sWorking battery plantCash fast

Transcripts for BBCNEWS Outside Source 20240604 20:00:15

Transcripts for BBCNEWS Outside Source 20240604 20:00:15
archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.

Ros atkinsElectric vehicle industryElectric car batteriesGigafactories need supportDoesn tEastern ukraineAutomotive industryPact of vengeanceOpposition leader

Transcripts for BBCNEWS BBC News 20240604 23:00:45

Transcripts for BBCNEWS BBC News 20240604 23:00:45
archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.

Car industryElectric car battery companySpecial report