BBC – Britishvolt bought by Australian firm Recharge Industries
Australian firm Recharge Industries has bought the defunct battery maker Britishvolt out of administration.
Britishvolt had plans to build a £4bn battery plant near the Port of Blyth in Northumberland but collapsed last month after running out of money.
Its downfall was blamed on a lack of battery experience, proven technology, customers and revenue.
Recharge Industries has in many ways a similar profile – it is a start up with little manufacturing experience.