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GLNCY / Glencore-backed EV battery maker Britishvolt further delays production plans

Glencore-backed EV battery maker Britishvolt further delays production plans
Britishvolt will not be ready to produce electric vehicle batteries from its plant in north-east England until 2025 – two years later than its previous plans – as high energy plans disrupt the development.  In recent weeks reports emerged that some construction work had been halted and costs slashed as the company awaited its next injection of funding, having already raised cash from FTSE 100 groups Glencore PLC (LSE:GLEN) and Ashtead Group PLC (LSE:AHT), and been promised £100mln by Downing Street. Read More
Posted: Aug 30 2022, 08:27
Author Name: Proactive Investors
Views: 101826

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