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let s get down to business. an australian firm recharge industries has come to the rescue and bought the battery maker britishvolt out of administration. the deal is expected to be announced shortly. britishvolt had plans to build a £4 billion gigafactory near the port of blyth in northumberland, but it ran out of money and collapsed last month. its downfall was blamed on a lack of battery experience, unproven technology, and therefore no customers oi’ revenue. the new owner is another start up. recharge industries is owned and run by a new york based investment fund called scale facilitation. its australian chief executive, david collard, told our business editor simonjack why his company was different. what we re bringing, which is different to the prior britishvolt, is we re bringing validated technology. so that process has already started. us defence has also validated the technology, it s actually already supplied to the uk navy through a subcontractor over ....
This year 80,000 visitors are expected and will see the return of chinese delegates whose companies play big in the communications industry with xiaomi, zte and huawei. the industry has not been immune to the global slowdown and inflationary pressures with the global smartphone market declining some 18% year on year in the last quarter of last year according to latest figures from counterpoint research. joining me live now from barcelona is ben wood, chief analyst and cmo at ccs insight. i understand you have got some visual aids to illustrate just how far we ve come, do show them! ,., ., how far we ve come, do show them! , ., ., ., how far we ve come, do show them! ., , them! good morning, sally. hello from them! good morning, sally. hello from barcelona. - them! good morning, sally. hello from barcelona. 1. them! good morning, sally. - hello from barcelona. i thought it would be interesting to see ....