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Britishvolt secures £100m from government for car battery plant

Mark Moran
24 January 2022
The planned gigafactory in Cambois

 

A company planning the mass production of electric vehicle batteries in the UK has secured government funding for a proposed factory in Northumberland.

The UK government has committed about £100m to the Britishvolt gigafactory in Cambois via its Automotive Transformation Fund.

Britishvolt also announced backing from investors Tritax and Abrdn, that should unlock about £1.7bn in private funding.

Once complete, the factory will produce enough batteries for over 300,000 electric...

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