Britishvolt, Key to UK’s Electric Car Ambitions, Falls Into Administration

Britishvolt, Key to UK’s Electric Car Ambitions, Falls Into Administration
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. Reuters/Nick Carey
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Britishvolt, an electric car battery company once praised by former Prime Minister Boris Johnson, has fallen into administration and made the majority of its 300 staff redundant.

The company had been promising to build a £3.8 billion gigafactory producing batteries for electric cars in Blyth, Northumberland.