LONDON : Australia's Recharge Industries said on Monday it had bought Britishvolt, the collapsed startup which had struggled to fund a major electric vehicle (EV) battery factory in northern England.Recharge Industries, privately owned by New York-based investment fund Scale Facilitation, was selected ear
LONDON : Australia's Recharge Industries said on Monday it had bought Britishvolt, the collapsed startup which had struggled to fund a major electric vehicle battery factory in northern England.
Britain's ambitions of building a home-grown EV battery industry that can support domestic car production were thrown into doubt when Britishvolt collapsed in January, after failing to raise enough funding for the factory in Cambois. "We have the right plan in place, to match and support the region's energy and ambition to become a major player in the international battery market."
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