British Volt - fizzling out
Discussion
BBC said:
The firm behind a proposed battery factory which could create 4,000 jobs has listed a site in Wales as its preferred option.
https://www.bbc.co.uk/news/uk-wales-53016649Is this another lot of Circuit-of-Wales chancers/dreamers or have they actually got a product and a business?
BBC also said...
BBC said:
The Welsh town is already home to an Aston Martin electric car plant, which opened fully in December 2019.
Err...Edited by silentbrown on Friday 12th June 15:10
One of two startups involved, the other being AMTE Power
https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
Pothole said:
One of two startups involved, the other being AMTE Power
https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
AMTE seem legit and established, albeit pretty small. https://beta.companieshouse.gov.uk/company/0849052...https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
Britishvolt is basically a nothing. https://beta.companieshouse.gov.uk/company/1238154...
...yet they're going to raise £1.2bn investment in the next year? I'm somewhat skeptical.
silentbrown said:
AMTE seem legit and established, albeit pretty small. https://beta.companieshouse.gov.uk/company/0849052...
Britishvolt is basically a nothing. https://beta.companieshouse.gov.uk/company/1238154...
...yet they're going to raise £1.2bn investment in the next year? I'm somewhat skeptical.
So you've answered your own question?Britishvolt is basically a nothing. https://beta.companieshouse.gov.uk/company/1238154...
...yet they're going to raise £1.2bn investment in the next year? I'm somewhat skeptical.
Everything starts from nothing. Why so doubtful?
silentbrown said:
Time for a bump on this. Bit of a kick in the teeth for Wales, following Ineos (and TVR, while not dead, is tagged "Do not resuscitate").
Hopefully DBX at St Athans keeps on track.
Kick in the teeth? Has British volt gone away from Wales? I thought it was all still on? Hopefully DBX at St Athans keeps on track.
poo at Paul's said:
silentbrown said:
Time for a bump on this. Bit of a kick in the teeth for Wales, following Ineos (and TVR, while not dead, is tagged "Do not resuscitate").
Hopefully DBX at St Athans keeps on track.
Kick in the teeth? Has British volt gone away from Wales? I thought it was all still on? Hopefully DBX at St Athans keeps on track.
silentbrown said:
Pothole said:
One of two startups involved, the other being AMTE Power
https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
AMTE seem legit and established, albeit pretty small. https://beta.companieshouse.gov.uk/company/0849052...https://www.ft.com/content/061c8bcf-4b60-4e71-9812...
Britishvolt is basically a nothing. https://beta.companieshouse.gov.uk/company/1238154...
...yet they're going to raise £1.2bn investment in the next year? I'm somewhat skeptical.
Charles Peter Henry MORGAN
It's a separate entry from Charles Morgan of Morgan Cars fame, but what are the chances?
NerveAgent said:
poo at Paul's said:
silentbrown said:
Time for a bump on this. Bit of a kick in the teeth for Wales, following Ineos (and TVR, while not dead, is tagged "Do not resuscitate").
Hopefully DBX at St Athans keeps on track.
Kick in the teeth? Has British volt gone away from Wales? I thought it was all still on? Hopefully DBX at St Athans keeps on track.
silentbrown said:
Time for a bump on this. Bit of a kick in the teeth for Wales, following Ineos (and TVR, while not dead, is tagged "Do not resuscitate").
Hopefully DBX at St Athans keeps on track.
Where is this place that people refer to as "St Athans"?Hopefully DBX at St Athans keeps on track.
Headlines like this always reminds me of this from 40 years ago -
https://www.youtube.com/watch?v=jCEamUarOSI
I would love to see this sort of development brought to the NE but sadly suspect it will come to nothing.
It's just the sort of thing the current Govt needs to support (fiscally) if they want to be true to their word - it's all potentially there, a sloping playing field when we exit with no deal, and the political imperative to connect with the former Labour voters whole 'loaned their vote'.
....I suspect these factors are not lost on the people behind it.
It's just the sort of thing the current Govt needs to support (fiscally) if they want to be true to their word - it's all potentially there, a sloping playing field when we exit with no deal, and the political imperative to connect with the former Labour voters whole 'loaned their vote'.
....I suspect these factors are not lost on the people behind it.
Boom78 said:
NerveAgent said:
poo at Paul's said:
silentbrown said:
Time for a bump on this. Bit of a kick in the teeth for Wales, following Ineos (and TVR, while not dead, is tagged "Do not resuscitate").
Hopefully DBX at St Athans keeps on track.
Kick in the teeth? Has British volt gone away from Wales? I thought it was all still on? Hopefully DBX at St Athans keeps on track.
Tvr apparently had loans to be paid at certain times and also linked to the factory being renovated. Nothing much has happened there.
Maybe if the Welsh ask for the money back it will go under and they’ll get less than if they hold on hoping it might work out eventually?
Obviously I don’t know based on the above but tvr seem to have survived longer than was expected based on the initial loans (and their ability to repay) from the welsh government.
Very difficult for the Welsh though, trying to bring in new business and jobs and support them but not wanting to lose the money completely.
El stovey said:
...
Very difficult for the Welsh though, trying to bring in new business and jobs and support them but not wanting to lose the money completely.
You'd think it pretty straightforward to tie in payments to stages of business development (building facilities, employing people, longevity etc).Very difficult for the Welsh though, trying to bring in new business and jobs and support them but not wanting to lose the money completely.
Snatching at it and just chucking money at things seems like a surefire way of getting spanked.
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