Australian firm buys £300m gigaplant backer Britishvolt

Australian firm Recharge Industries has sealed the deal to buy car battery firm Britishvolt out of administration.
The new owners confirmed they want to go-ahead with plans to build a £300m car battery plant in Northumberland where main contractor ISG paused construction work last summer when funding dried-up for the project.
David A. Collard, Founder and CEO of Recharge Industries parent company Scale Facilitation said: “We are thrilled to have been successful in our bid for ownersh