Battery startup Britishvolt has formally abandoned a long-shot plan to build a second factory in Canada, as it focuses on securing new funding for its struggling UK project.
Britishvolt’s main project is an attempt to build a factory near Blyth in north-east England capable of producing batteries with a capacity of 30 gigawatt hours (30GWh) every year.
That effort has run into serious financial difficulties, with Britishvolt now looking for millions of pounds of new investment to continue operating after narrowly avoiding administration earlier this month. The struggles have been seen as a serious blow to the prospects for the UK car industry.
