Britishvolt made headlines recently when it halted construction of its gigafactory in northeast England in August 2022 due to funding difficulties. The startup, focused on manufacturing lithium-ion batteries for the automotive industry, had begun building the gigafactory in 2021. The pause in construction raised concerns about the future of battery manufacturing in the UK.
Britishvolt, a UK-based startup, was established to address the growing demand for lithium-ion batteries in the automotive sector. The company aimed to build a gigafactory in northeast England to produce these batteries at scale. However, financial challenges led to the suspension of construction, casting uncertainty over Britishvolt's future and its role in the UK's electric vehicle industry.