Chair Peter Rolton says Britishvolt more likely to pick UK after proposed changes to stock market listing rules
Britishvolt, the startup aiming to build the UK’s first “gigafactory” making batteries for electric cars, is poised to choose London over New York for a float next year after being encouraged by the chancellor’s planned reforms to stock market listing rules.
The company, which recently secured investment from global commodities trader Glencore, plans to invest up to £4bn in building a large-scale battery factory by the North Sea in in Northumberland, northeast England, to serve the market for electric vehicles and energy storage.