Katia Glod News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 uk start up had been expecting to build a new 5.8 billion or $4.7 billion factory in northumberland, 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 3,000 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

Ros atkinsElectric vehicle industryElectric car batteries collapsesGigafactories need supportDoesn tAutomotive industryEastern ukraineOpposition leaderAct of vengeanceCar battery maker britishvoltBattery industryVideo showsStart up7 billion4 7 billion5 8 billion