When Britishvolt was formed three years ago with the ambitions of spearheading the UK’s battery industry, it had nothing: no factory site, no in-house technology, no customers and precious little funding.
Since then, it has worked to piece together the building blocks that will, it hopes, one day transform it into a credible business.
The company hired known automotive leaders; it garnered tens of millions in financial backing from investors including Glencore and a grant from the British government; it secured a world-class site for a £3.8bn “gigafactory” in Blyth, north-east England, and announced plans to begin production in 2023. Most impressively, it developed its own fledgling battery technology in partnership with a UK university.
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