EV Battery Hopeful Britishvolt Holds Talks on UK Site Sale as Outlook Dims
- Slovak startup said to eye buying Britishvolt’s plant site
- UK’s bid to build homegrown cell giant under growing threat
A digital illustration of a planned Britishvolt, Ltd. site.
Source: Britishvolt, Ltd.
This article is for subscribers only.
The UK’s push to develop a homegrown electric-vehicle battery giant is under threat as three-year-old Britishvolt Ltd. discusses a sale of its main factory site, according to people familiar with the matter.
Britishvolt is in talks to divest its 93-hectare (230-acre) lot in Cambois, northern England, to Slovak startup Inobat, the people said, asking not to be named as the discussions are confidential. Inobat is considering options including a merger with or acquisition of Britishvolt to get the site, the people said.