Britishvolt collapses into administration

Northumbrian gigafactory project runs out of funds

Britishvolt, a British company that had ambitions to become a major manufacturer of batteries for electric vehicles, has gone into administration.

The start-up had planned to build a gigafactory to make electric car batteries in Blyth, Northumberland. Plans for the £3.8bn factory were part of a long-term vision to boost UK manufacturing of electric vehicle batteries and create around 3,000 skilled jobs in the North East. Britishvolt had also planned to open a new battery development...