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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 ....
Great to have you with us, all indications, figures are economically travelling in the right direction, is it sustainable . It will be sustainable over the coming months. We are still expected to see quite a sharp fall in the Headline Rate of inflation during april when ofgem, energy price regulator, when its price cap comes down. Over the current months we should see more Easing Pressure in terms of inflation. Towards the end of the year whether that persists remains open to some uncertainty. Haw year whether that persists remains open to some uncertainty. Open to some uncertainty. How is this impacting open to some uncertainty. How is this impacting us open to some uncertainty. How is this impacting us in open to some uncertainty. How is this impacting us in the open to some uncertainty. How is this impacting us in the pocket . I open to some uncertainty. How is| this impac ....
Quarter of 2023. Despite that, tesla has reclaimed its position as the worlds biggest seller of battery electric cars after its shipments surpassed those of chinas byd. 0ur correspondent, erin delmore, is in new york. Why are teslas sales falling so sharply . Well, deliveries are reported by tesla, which is how well, deliveries are reported by tesla, which is how we well, deliveries are reported by tesla, which is how we approximate sales. We will hear more on the 23rd of april. Lets talk about some of the challenges we know tesla has faced in the first quarter. First is the red sea conflict, which caused shipping to be diverted, causing delay in Vehicle Parts arriving at factories, resulting in temporary factory shutdowns, particularly one outside of berlin which was hit hard earlier this year. Weve also seen an arson attack at a factory in berlin, causing a temporary pause in production. Back in the us, weaker us demand, mixed re ....
Coming in at 1. 3 percent in march, down from 2. 5 percent in february. Thats according to the latest data from the british retail consortium. The fall has been driven by lower food prices and more competition between supermarkets. Earlier i spoke to harvir dhillon, whos an economist from the british retail consortium. I began by asking him if the outlook of the data is sustainable. It will be sustainable over the coming months. So, were still expecting to see a quite sharp fall in the Headline Rate of inflation during april, when ofgem thats the Energy Price Regulator when its price cap comes down. So, for the coming months, we should see more Easing Pressure in terms of inflation. Now, whether towards the end of the year that persists still remains open to some uncertainty. Ok, so how is this impacting us in th ....