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Transcripts for BBCNEWS Outside Source 20240604 20:01:00

the electric car battery maker, britishvolt, has gone into administration after hopes of a last minute bid for the company faded. the collapse raises questions about uk hopes of building a home grown battery industry.the company, which had plans to build a gigafactory to make the batteries in northumberland, has appointed administrators at ey after failing to raise enough cash on monday there were no current viable takeover offers.the start up has been developing a £3.8 billion gigafactory in blyth, northumberland, and received tens of millions of pounds of financial backing from metals giant glencore.but it fell into emergency the uk startup had been expecting

Car battery makerBuilding gigafactoriesStart upMetals giant glencoreTakeover offers3 8 billion8 billion

British Battery Start-Up Files for Bankruptcy

The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.

United kingdomAston martinPeter wellsKwasi kwartengBoris johnsonDan hurdCardiff business schoolCardiff businessPrime minister boris johnsonElectric cars and hybrids

Transcripts for BBCNEWS BBC News at Six 20240604 18:03:00

in the supply chain. the current reality is this. a barely touched site, a company gone bust, and nearly 300 workers sacked with immediate effect today. 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. the industry estimates the uk wi

Start up companyTrack recordBattery technologySupply chainPrototype stageCar industryCash fastBust last novemberAston martinWorking battery plant

Transcripts for BBCNEWS Outside Source 20240604 20:21:00

a major blow for britain s electric vehicle industry as britishvolt, a maker of electric car batteries, collapses. one of belarus s main opposition leaders, svetlana tikhanovskaya, has denounced as a farce a trial against her and four other exiled allies that s taking place in her homeland. the five are being tried in absentia, accused of conspiracy to seize power and forming an extremist organisation. so how did we get here? since 1994, belarus has been dominated by this man alexander lukashenko, a strongman dubbed europe s last dictator two years ago, he faced his biggest test, an election he lost , but insisted he won by 85 per cent. the woman the world widely believes won that election

Electric vehicle industryOpposition leadersElectric car batteriesSvetla na tikhanovskayaAlexander lukashenkoDubbed europe sExtremist organisation

Britishvolt holds eleventh-hour meetings in bid to save business

Britishvolt holds eleventh-hour meetings in bid to save business
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United kingdomKwasi kwartengDepartment for businessBarracuda groupDealab groupBusiness secretary kwasi kwartengIndustrial strategy