Battery Start-Up Britishvolt Preparing To Build $5.1 Billion Gigafactory In The UK | Carscoops carscoops
of the first batteries in 2024 and says it will be able to produce around 30 gigawatt-hours a year. This would account for a third of the 90 GWh that the UK’s Advanced Propulsion Centre calculates is needed to retain a local car industry of a similar size to what it currently has.GM Gets Tax Break To Invest $1.3 Billion At Orion Plant, Plan Still Needs Leadership Approval
“This announcement is a major step in putting the UK at the forefront of the global energy transition,” Britishvolt chairman Peter Rolton said in a statement. “The company was still working on the timing of a planned stock market listing which will raise the money to build the production line. The full project is expected to cost £3.8bn , but the government backing has already helped in conversations with potential investors.
It is unclear what companies Britishvolt will supply its batteries to but it claims to have “relationships with blue-chip UK automotive sports car brands.” One of these is thought to be Lotus,
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