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Glencore stake boosts Britishvolt’s £4bn plans for battery factory

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UK’s first large-scale battery producer welcomes partnership with major cobalt miner

Mining giant Glencore has agreed to buy a stake in Britishvolt, the startup with plans to invest £4bn building the UK’s first large-scale battery factory to help accelerate the rollout of electric vehicles.

Glencore said it had made an undisclosed investment in the company as part of a long-term strategic partnership with Britishvolt to supply cobalt to its pioneering battery “gigafactory” in Northumberland.

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