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The Latest Breaking News from Britishvolt

Britishvolt holds eleventh-hour meetings in bid to save business

A third consortium is also now said to be in the running for a potential takeover of the Northumberland start-up

Birmingham Post

Pivotal moment for future of Britishvolt project approaches

The firm's board is due to consider a rescue deal on Friday, reported to involve private equity investor DeaLab Group and Barracuda Group

Birmingham Post

Britishvolt valuation plunges 96% in blow to UK EV ambitions

The start-upis seen as a crucial element of the UK’s drive to grow its electric vehicle manufacturing capability

Evening Standard

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Obscure Indonesia-linked investor circles UK’s Britishvolt with £160m deal

Talks on rescue deal for battery startup led by DeaLab, which has been involved in fossil fuel transactions

The Guardian - UK

UK battery startup Britishvolt in talks to sell majority stake

Company says it is hoping to secure long-term funding so it can build ‘gigafactory’ in Blyth, Northumberland

The Guardian - UK

Electric battery firm Britishvolt in talks to sell majority stake

Britishvolt is in discussions with a consortium of investors concerning the potential majority sale

Birmingham Post

Britishvolt in talks to sell majority of company to rescue 3,000-job plan

The identity of the potential investors has yet to be revealed, but a sale could safeguard the plant's future

Chronicle Live

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The year in North East business: the 10 biggest stories of the year

From the travails of Britishvolt and Go-Ahead to good news on inward investment and city centres, it has been a busy 12 months

Birmingham Post

Battery startup Britishvolt ditches plans for second plant in North America

The company has also confirmed executives will not take salary payments next month as it seeks to secure extra funding

Birmingham Post

Britishvolt scraps plan for second factory in Canada

Troubled startup battery maker formally abandons long-shot plan to build 60GW plant in Quebec

The Guardian - UK

Further calls on Government to support 'vital' Britishvolt factory amid financial troubles

There have been reports of the company's financial difficulties for some time

Chronicle Live

Britishvolt saga exposes the danger of short-termism

Letters: Turning innovation into solid economic success requires patience – just look at civil aerospace production, says Prof Keith Hayward. Plus letters from Bruce Tofield and Jon Bloomfield

The Guardian - UK

Concerns over Britishvolt gigafactory plans as receivers appointed to subsidiary

Katch Fund Solutions - Britishvolt's secured creditor - has obtained the order to appoint receivers

Birmingham Post

The Guardian view on Britain’s electric vehicle industry: slow-motion car crash

Editorial: The struggles of a flagship battery manufacturer point to a wider malaise

The Guardian - UK

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The Guardian - UK

The woes of startup Britishvolt should shock the UK out of its Brexit self-delusion

The government must accept the limitations of its industrial strategy and focus on services that improve people’s lives, says David Edgerton, professor of modern British history

Birmingham Post

Advisors Lazard given five weeks to find Britishvolt gigafactory buyer, reports claim

Reports follow comments made by the Business Secretary over Government’s refusal to allow Britishvolt to draw down funds

Chronicle Live

Britishvolt advisors given weeks to find buyer for Blyth plant, reports claim

It has been claimed that Lazard has five weeks to find new owners for the gigafactory

The Guardian - UK

‘UK could miss out’: is government doing enough for car battery industry?

In part three of our series on the UK’s battery ambitions, we look at its attempts to encourage ‘gigafactories’

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Birmingham Post

Britishvolt money 'hasn't gone anywhere' says Business Secretary Grant Shapps

His comments came a day after his Labour counterpart accused the Government of abandoning the 3,000 job project

Chronicle Live

Government accused of abandoning Britishvolt and hope of 3,000 jobs

Britishvolt has been hampered by lack of investment including a Government refusal to forward £30m of a £100m grant

Birmingham Post

Labour accuses Government of abandoning Britishvolt amid funding challenges

The Shadow Business Secretary was at the Northumberland site, days after it emerged the Government had refused Britishvolt an early drawdown of part of a promised £100m grant

AFP

Aston Martin losses deepen despite rising car sales

London (AFP) - British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.

Chronicle Live

Britishvolt staff take pay cut as short term funding secured for weeks ahead

The battery start-up was responding to reports it could face administration

Birmingham Post

Britishvolt confirms staff on reduced pay as funding secured to stave off collapse

The battery manufacturer responded to reports that it was close to administration amid emergency funding talks

The Guardian - UK

Britishvolt staves off collapse with five weeks of funding and steep staff pay cut

Mining giant Glencore stumps up cash as EV battery startup seeks buyer or investors to avoid administration

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