Battery start-up Volklec hopes to build £1bn UK gigafactory

By / / Automotive / 1 minute of reading


Backed by former Britishvolt investors, Volklec is taking a more cautious approach to establishing a UK battery supply chain. By Stewart Burnett

Coventry battery start-up Volklec has tentative plans to build a £1bn (US$1.27bn) gigafactory in the UK, with the backing of former investors in Britishvolt. To overcome the mistakes of the now-defunct British start-up, the company has entered a partnership with Chinese battery firm Far East Battery to use its engineers, manufacturing know-how and raw material supplies.

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Battery start-up Volklec hopes to build £1bn UK gigafactory



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Christina Baird is a writer with a passion for travel, fashion, automotive, and arts. In her free time, Christina enjoys taking walks in the park and listening to audiobooks.

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