While a deal has not been signed yet, negotiations have reportedly progressed and Somerset is poised to become the location for a multibillion-pound electric car battery plant

Talks between the government and Jaguar Land Rover owner Tata are reportedly in advanced stages, with a deal to build a multi-billion pound gigafactory in Somerset

The Australia-based company has sealed the agreement with the administrators of the collapsed batter manufacturer

Australian firm Recharge Industries has been selected as the preferred bidder for the collapsed British EV battery startup

Executives of the engineering giant have cited Britishvolt as an example of a company which committed to a factory without having orders

EY was appointed joint administrator for the company that had previously planned to build the UK’s first gigafactory

The company plans to build a £3.8 billion gigafactory near Blyth in Northumberland

The company has allegedly yet not received £100m in promised government support

Britishvolt is allegedly holding emergency fundraising talks that could lead to the potential sale of the business

Orral Nadjari will pass the reins to Dr Graham Hoare, who is currently Britishvolt’s Deputy CEO and President of Global Operations