Fears rise over future of British battery giant
There are hopes that a last-minute bid for Britishvolt, which plans a factory to make electric car batteries, may prevent it falling into administration.
Industry watchers have expressed dismay at the fact that a plant considered absolutely vital to the future of car making in this country should be hanging in the balance this way. Privately, people close to the situation have expressed surprise and frustration that the government has not taken a more active role in shaping the outcome of such a crucial project.Last year, Britishvolt asked the government to advance £30m of a promised £100m in support, but was refused as the company had not hit agreed construction milestones to access the funds.
Candidates that have been mentioned include Tata, the Indian parent of Jaguar Land Rover, Chinese firm Envision which owns the UK's only existing battery plant in Sunderland for the exclusive use of Nissan, and a potential Korean manufacturer. But Mr Clark said at the time that the government did not need to pick winners but ask strategic questions, such as - are we going to need more batteries, satellites, pharmaceuticals etc?
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