Battery for electric vehicle (EV) startup Britishvolt said Monday it had signed an agreement with the UK Battery Industrialization Center (UKBIC), a UK government-backed research facility to help the UK auto industry bring battery technology to market. .
The direction of the automotive industry trend going forward is towards electric vehicles (EV) so that nickel demand is expected to soar in the coming year. Given the function of nickel supports energy storage at the cathode of the battery.
Britishvolt said it had reached an agreement with UKBIC to develop and assemble the next generation of batteries, from sample battery cells to mass production.
Britishvolt said on Friday it had secured British government support for a planned 2.31 billion dollar vehicle battery factory in Northern England.
The startup's 30 gigawatt-hour (GWh) plant in Blyth Northumberland, UK will start production in 2023. The plant will be built in three phases. By the time it reaches peak production in 2027 the plant should be able to produce battery packs for more than 300,000 vehicles annually.
Britishvolt and @UK_BIC sign framework agreement to scale up next generation cell technologies
— Britishvolt (@BritishvoltUK) January 24, 2022