Hyperdrive
Electric Car Battery Startup Britishvolt Announces Temporary Lifeline
- Car battery firm seeking to avoid entering administration
- The group is key to UK push for ‘green industrial revolution’
An illustration of the planned Britishvolt plant in Blyth, UK.
Source: Britishvolt, Inc.This article is for subscribers only.
Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.
Britishvolt Ltd. said it secured a funding lifeline following reports the company at the heart of Britain’s bid to create an electric-car battery industry was on the brink of entering administration.