Australian Firm Launches Bid to Rescue Collapsed UK Battery Company Britishvolt
Peter Rolton, executive chairman of electric vehicle battery start-up Britishvolt, shows a billboard at the site of the company's large planned battery plant, in the former industrial town of Blyth, England, on Jan. 27, 2022. Nick Carey/Reuters
An Australian start-up has launched a rescue bid for British electric car battery business Britishvolt, which was once praised by former Prime Minister Boris Johnson but fell into administration last week.
Recharge Industries said it lodged a late takeover bid on Tuesday for the firm, a week after Britishvolt collapsed and made the majority of its roughly 300 workers redundant.
