UK’s first car battery ‘gigafactory’to be built by two startups
by Jasper Jolly from on (#53PTP)
AMTE Power and Britishvolt to invest up to 4bn in plant similar to Tesla facility in US
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.
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