Britishvolt

An announcement about Britishvolt’s future was expected to be made in the new year, but all it would disclose today (Monday) was that it was talking to a number of investors about selling a majority share of the business.

An open day will be held at MTC’s Ansty Park headquarters on Wednesday (January 25) between 11am and 3pm so Britishvolt employees can learn about the firm.

A spokesman for Britishvolt has declined to comment on the latest bids for the business.

Britishvolt is founded by Swedes Orral Nadjari and Lars Carlstrom.

Britishvolt's site in Blyth, Northumberland, UK has great potential for another EV manufacturing business.

But Britishvolt was beset with delays, and it never came close to its goal of opening a factory that could crank out 38 gigawatt-hours of lithium-ion batteries every year.

Scale Facilitation is the parent company of Recharge Industries, which has been named as the preferred bidder for Britishvolt after its collapse earlier this year.

The new owners of the Britishvolt project says it will create “thousands of green, skilled and local jobs” in after completing the deal to buy the failed company.

Administrators for collapsed gigafactory firm Britishvolt are in talks with “additional parties” keen to acquire the site, a new document shows.

The future of the Britishvolt project site in Northumberland remains uncertain following the latest sign of its current owner’s financial woes.