EV battery producer Britishvolt confirms plans for UK gigafactory with £1.7bn funding deal

British electric vehicle battery producer Britishvolt has today confirmed plans for a new gigafactory in the North East through a £1.7bn funding deal. The firm has secured investment through the government’s Automotive Transformation Fund and private funding from Trixtax and abrdn. The new plant, which will be in Blyth, is expected to create 5,000 jobs [...]