The UK’s electric vehicles dreams have been handed a fresh lifeline after an Australian startup won the bid to take over the collapsed UK battery company Britishvolt. The company, which went into administration last month, was building a £3.8billion gigafactory in Blyth, Northumberland, which was set to produce batteries for electric vehicles (EV), providing a massive boost to the UK’s plans to phase out petrol and diesel cars by the end of the decade. Within a fortnight of the company collapsing, Recharge Industries offered an an aggressive package that includes plans to revive and build the gigafactory in the north of England.
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