to encourage the sale of. in a submission to a commons inquiry seen by bbc news, stellantis says their vehicles will have too much non european content to qualify under the terms of the deal signed by borisjohnson, and are planning for taxes on its exports known as tariffs. this is a threat to our export business and the sustainability of our uk manufacturing operations. it then went on to say: much of this is about the fact that the uk are struggling to set up british manufacturers of electric vehicle batteries. britishvolt, a teesside recently went into administration. experts warned mps directly about this last week. the uk at the moment does not have a strategy and a run
Recharge Industries attempt to buy the Britishvolt site is facing the risk of collapsing due to a dispute between the Australian company and administrator EY over a power supply contract signed. | March 31, 2023
this is bbc news with the latest business headlines for viewers in the uk and around the world. recharged the doomed battery maker, britishvolt, is scooped out of administration by an international start up in the same sector. we have the benefit of picking up we have the benefit of picking up and leveraging a lot of the stuff that was in place as well as a lot of the stuff that was already under way. there s hope in the air for rishi sunak over the northern ireland protocol as the european commission president makes her way to the uk. britain s energy price cap may fall today, pending an announcement by ofgem. but there s a sting in the tail. and is there such a thing as too much wine? bordeaux vineyards are calling for government help to manage over production.
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 here. anyone who s waiting for batteries to come off your production line, which are going to slot into ajlr or a nissan or a bmw, that s not happening anytime soon, is it? no, but the strategy is for any of the manufacturers listening, they can actually start that now, albeit in the interim period. it would be imported from america and that american facility will then be able to supply until the uk facility steps up and comes online. do you understand why people are a bit nervous about this? because you ve got a financial services background, in capital markets and banking. you ve got a small headcount, you re run basically like a private equity group. you ve t