EY said that the buyer, Recharge Industries, had therefore defaulted on its agreement to buy the business.
However, Recharge Industries said: “We dispute we are in default.”
However, Recharge Industries said: “We dispute we are in default.”
Great hopes had been pinned on the site, with the promised creation of thousands of jobs and the technology and batteries needed to answer the UK’s electric car needs.
Its collapse – which came despite support from politicians including former Prime Minister Boris Johnson – was blamed on a lack of battery experience, proven technology, customers and cash.
Recharge Industries, which agreed to buy the firm out of administration in February, shares similarities with Britishvolt.
The Australian firm, which is ultimately owned by a New York-based investment fund called Scale Facilitation, is a start-up with little battery manufacturing experience.
It faced issues in June, when Scale Facilitation’s Australian offices were raided by police over alleged tax fraud.
However, Recharge Industries said: “We dispute we are in default.”
EY said that the buyer, Recharge Industries, had therefore defaulted on its agreement to buy the business.
Great hopes had been pinned on the site, with the promised creation of thousands of jobs and the technology and batteries needed to answer the UK’s electric car needs.
However, Recharge Industries said: “We dispute we are in default.”
However, Recharge Industries said: “We dispute we are in default.”
Great hopes had been pinned on the site, with the promised creation of thousands of jobs and the technology and batteries needed to answer the UK’s electric car needs.
Its collapse – which came despite support from politicians including former Prime Minister Boris Johnson – was blamed on a lack of battery experience, proven technology, customers and cash.
Recharge Industries, which agreed to buy the firm out of administration in February, shares similarities with Britishvolt.
The Australian firm, which is ultimately owned by a New York-based investment fund called Scale Facilitation, is a start-up with little battery manufacturing experience.
It faced issues in June, when Scale Facilitation’s Australian offices were raided by police over alleged tax fraud.
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