08-08-2023 13:00 via constructionenquirer.com

Britishvolt buyer fails to make final payment

The Australian company buying collapsed car battery firm Britishvolt has failed to make its final payment to seal the deal.
Recharge Industries stepped forward to buy the firm out of administration in February giving hope that stalled plans for a £300m car battery plant in Northumberland could be resurrected.
But an update from administrator EY claimed that payment of the final installment on the £8.75m buyout deal has been missed and remains “unpaid and overdue”.A spokes
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