Deal between battery start-ups brings UK’s first gigafactory closer

FINANCIAL TIMES 🔒| The prospect of the first gigafactory in Britain has moved closer after two battery start-ups signed a deal to work together, while considering an initial public offering to fund their multibillion-pound initiative.

AMTE Power and Britishvolt plan to combine forces to make the near-£4bn project possible, in a move that could help the UK secure the long-term survival of domestic carmaking as the industry transitions to electric power.

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