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Podcast: Beyond Currency
Episode: 19 January 2023 - Two firms bid for battery factory
Description: The Opposition Labour Party has labelled the collapse of the UK’s only domestically owned manufacturer of batteries to power electric cars as a disaster for the UK automotive sector.
They believe that the collapse of Britishvolt could potentially see the demise of car manufacture in the UK. The sector currently employs in excess of 750k people. Petrol and diesel vans will no longer be manufactured after 2030, so a reliable and efficient source of power is essential to the future production of electric cars.
With the lead in time to going from concept to production of batteries around five years, th...