Two British startups have announced plans to invest as much as £4bn in building the UK’s first large-scale battery factory, in a move that could prove a major boost to the country’s struggling car industry. AMTE Power and Britishvolt have signed a memorandum of understanding saying they will work together on plans for a plant to make lithium ion batteries, the key component in electric cars as well as energy storage products. Lars Carlstrom, the chief executive of Britishvolt, said the companies had an ambition to build facilities producing batteries with capacity of as much as 30 gigawatt hours (GWh) a year, which would be roughly equivalent to the joint Tesla-Panasonic Gigafactory in Nevada. A factory of that size would create as many as 4,000 jobs, he said.
Guardian 20th May 2020 read more »