Once considered Britain’s best shot for a homegrown electric-vehicle battery supplier, Britishvolt went into bankruptcy last month after failing to identify any potential rescuers. Recharge Industries, founded in 2021, is also currently building a battery factory in Geelong, near Melbourne in Australia.
In depth: Australian startup Recharge to buy failed Britishvolt
Recharge has sought Tees Valley’s support “to safeguard the supply of critical minerals” for both the Geelong plant and the Britishvolt project, the companies said in a joint statement on Tuesday.
(By Mark Burton)
