Australian firm Recharge Industries has bought the defunct battery maker Britishvolt out of administration.

Britishvolt had plans to build a £4bn battery plant near the Port of Blyth in Northumberland but collapsed last month after running out of money.

Its downfall was blamed on a lack of battery experience, proven technology, customers and revenue.

Recharge Industries has in many ways a similar profile – it is a start up with little manufacturing experience.

Source: Britishvolt bought by Australian firm Recharge Industries – BBC News

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