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Britishvolt secures £1.7 billion in funding for battery plant

UK-based battery manufacturing start-up Britishvolt has secured around £1.7bn in private funding from Abrdn and Tritax for its proposed large-scale gigafactory in Northumberland, North East England. The investment was backed by a £100m grant from the government’s Automotive Transformation Fund, a pot set up to try and woo battery developers to the UK. “This announcement […]The post Britishvolt secures £1.7 billion in funding for battery plant appeared first on Electric Cars Report.