Recharge Industries is close to acquiring the assets of the insolvent battery start-up Britishvolt. The auditing firm EY, which is in charge of the insolvency administration, expects to complete the deal is expected to be completed within the next seven days.
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The battery start-up Britishvolt has to file for insolvency and has laid off most of its employees with immediate effect. According to British media, negotiations with several potential investors to save the company have failed.
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Britishvolt, the battery maker currently in financial dire straits, can apparently still fulfil its plans for a battery cell factory in Blyth in the north-east of England, just not on its own. The company is talking about a possible sale to secure its future.
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EAS, the German company acquired by Britishvolt, announced some progress from its own cooperations. EAS has supported BMW’s Battery Cell Competence Centre in developing its first cylindrical cells and is also working with OneD Battery Sciences on its so-called Sinanode.
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Britishvolt may soon have to file for insolvency, according to media reports. The company is said to have asked the British government for a financing advance of 30 million pounds. However, this was refused, so now the existence of the company is apparently at stake.
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The battery cell manufacturer Britishvolt has announced the resignation of its founder and CEO Orral Nadjari. Graham Hoare, currently Britishvolt’s deputy CEO and president of global operations, will temporarily take over as CEO.
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The budding British battery cell manufacturer Britishvolt has received confirmation from the British government that the company will receive funding from the Automotive Transformation Fund (ATF). However, the exact amount of the funding is not mentioned in the announcement – in January there was talk of 120 million euros.
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Britishvolt and South Korean company Posco Chemical have agreed to collaborate on the development and supply of anode and cathode materials for electric car batteries. Britishvolt is securing a stable supply of raw materials ahead of commercial production of its battery cells.
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Britishvolt announced it is developing large format 4690 battery cells. The 4690 format is to be developed and prototyped at the EAS facility in Germany before being transferred to the UK for scale-up at the company’s Hams Hall facility in the Midlands ahead of large-scale production at the battery factory Northumberland.
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Britishvolt has extended its contract with WMG, University of Warwick, to develop battery cell technologies and accelerate the route to market, in a multi-million-pound deal. Following an initial 12-month project, Britishvolt and WMG are now embarking on a two-year programme of work.
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Britishvolt has announced a £200 million investment to build a battery cell research and development centre at its Hams Hall site in the West Midlands with property firm Prologis.
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The British battery cell manufacturer Britishvolt has signed a purchase agreement with the Monbat Group to acquire EAS. The purchase deal is worth 36 million euros.
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Lars Carlstrom, the founder of Britishvolt and Italvolt, has announced another battery factory – this time in the USA. The newly founded company Statevolt is to build a factory in Southern California’s Imperial Valley that will offer an annual capacity of 54 GWh when fully expanded – enough for around 650,000 electric vehicles.
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Budding British battery cell manufacturer Britishvolt has agreed to set up a joint venture with VKTR, part of the Indonesian conglomerate Bakrie & Brothers. A memorandum of understanding initially provides for the construction of a nickel sulphate plant in Indonesia.
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Britishvolt has entered into a development partnership with Aston Martin for electric car batteries. The aim is not only to maximise the performance of special cylindrical high-performance cells developed by Britishvolt for use in Aston Martin’s electric cars.
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Aston Martin is apparently showing interest in the joint development of battery cells for electric sports cars with Britishvolt. Initial talks are said to be already underway.
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Mining group Glencore has formed a joint venture with British battery cell start-up Britishvolt to recycle batteries. The partners plan a recycling plant at Britannia Refined Metals operation, a Glencore company located in Northfleet, England.
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Lotus has reached an agreement with Britishvolt on the joint development of battery cells for electric sports cars from the Geely brand. In this context, Lotus has published a design sketch for a future electric sports car.
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Emerging UK battery cell manufacturer Britishvolt has signed a two-year, multi-million-pound contract with the UK Battery Industrialisation Centre (UKBIC) to further develop and manufacture its high nickel electric vehicle sample cells for mass production.
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Britishvolt has secured a £100 million grant from the UK government’s Automotive Transformation Fund for its planned battery cell factory in Blyth, Northumberland. In addition, there is probably a first potential customer.
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The German engineering company Manz has received an order from Britishvolt to supply machines for the first expansion stage of the factory under construction in Northumberland in northern England. Britishvolt intends to manufacture lithium-ion cells there with an initial volume of four GWh.
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Preliminary work has begun on Britishvolt’s battery cell factory in the northern English county of Northumberland. The actual construction of the production facility is scheduled for late autumn or early winter of this year. The planning permission for the large-scale project is dated 6 July 2021.
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Britishvolt has signed a long-term cobalt supply agreement with Glencore. As part of the deal, the commodities group is also investing in the budding battery cell manufacturer.
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The UK government appears in talks with six companies to build gigawatt-scale battery factories for electric cars. The discussions include US carmaker Ford and Korean companies LG and Samsung, according to local media.
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Former Ford of Britain chairman Graham Hoare has been appointed president of global operations by lithium-ion battery cell technology investor Britishvolt.
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The newly founded company Italvolt wants to build the first ‘gigafactory’ for electric car battery cells in Italy. An initial capacity of 45 GWh is announced, which could later be expanded to 70 GWh. However, the planned start of production, among other points were not announced.
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Britishvolt is getting support from Siemens for its planned battery cell factory in the UK. The collaboration will give Britishvolt access to automation and electrification solutions, as well as technology that will enable it to simulate production processes before construction work is completed.
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Britishvolt will build its electric car battery factory in the north of England instead of Wales. The new announcement names Blyth, Northumberland as the chosen location, near Nissan and with connections to renewable energy.
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The start-ups Britishvolt and AMTE Power have provided details of their plans to build a battery cell factory for electric cars with a capacity of 30 to 35 GWh with the support of the British Government. The first stage is set for completion by 2023.
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