UK battery start-up collapses into administration

[Hillhater]

Britishvolt: UK EV battery start-up collapses into administration
https://www.bbc.com/news/business-64303149
£3.8 bn ??…. It would be interesting to see their business proposal and how they expected to see a viable ROI ?
..I have been involved in several large manufacturing plant startups, and a £500 m proJect budget could build and equip several large manufacturing plants.

 

[Hillhater]

UPDATE..
[/u]

An Australian firm has been named as the preferred bidder for Britishvolt, the UK battery start-up which collapsed last month.
Recharge Industries, which is owned by New York fund Scale Facilitation Partners, has entered an agreement to buy Britishvolt's business and assets.
Britishvolt was put into administration after running out of money.
It had planned to build a giant factory to make electric car batteries near Blyth, Northumberland…..
…..
Recharge Industries is building a facility in Australia to produce batteries for electric vehicles.

https://www.bbc.co.uk/news/business-64535346.amp