Britishvolt, which was only founded in 2019 in Blyth, UK, is getting down to business: recently the UK government’s Automotive Transformation Fund has apparently promised funding of the equivalent of 120 million euros in order to be able to build the planned battery cell factory on the British coast.
The state funding clears the way for the total investment of around two billion euros, which is provided by the investors Tritax and Abrdn. The amount of the subsidy has not been confirmed by Britishvolt or the government, but has been named by Reuters, among others, citing a source familiar with the matter. In November, the “Financial Times” reported funding of between £200 and £250 million, so it was significantly lower than expected.
In any case, British Prime Minister Boris Johnson is pleased with the investment that “will boost production of electric vehicles in Britain” and the associated high-skilled jobs in the industrial north of the island, as he said in a statement. Johnson’s government has already decided to phase out combustion engines for new cars from 2030. Peter Rolton, Chairman of Britishvolt, described the funding as “an important step in putting Britain at the forefront of the global energy transition”.
The preparatory work for the construction of the cell factory has been underway since September, and an exciting rendering can already be seen on the Britishvolt website. Britishvolt apparently buys the production machines from the German machine builder Manz, which is also to set up battery production for BMW in Germany. Production is scheduled to start towards the end of 2023, initially at 4 GWh per year. Another scaling to 30 or 48 GWh is planned, here the sources are still apart. The peculiarity of the new GigaFabrik: The systems should be flexible to produce different cell formats and geometries, ie both cylindrical and prismatic cells of different sizes.
Uncertainty is still about the customer of first production. That it will be a British company is obvious. According to rumors, it should be Lotus. The Geely daughter has great plans to bring a series of e-cars – also sports cars – on the market. In the coming weeks, Britishvolt wants to make a number of announcements, from research and development cooperations to cooperations with British car british.
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