Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Britishvolt, a UK-based startup aiming to build the country’s first lithium-ion battery ‘Gigafactory’, has signed up to British industry and trade association, Made UK, according to a company announcement on Feb 23.


According to the press release, the company has signed the UK Steel Charter, pledging to source UK-manufactured steel for its Gigafactory to demonstrate its commitment to British manufacturing and steel production.


In December, Britishvolt announced it had selected a 95-hectare site in Blyth, Northumberland, in the northeast of England, for the location of the company’s £2.6bn facility; with construction scheduled to start this year.


The company aims to produce 300,000 lithium-ion batteries per year by 2027 to power a fleet of new electric vehicles built by the UK automotive industry.


Davis Index calculates that the construction of the Gigafactory would consume approximately 38,000-67,000mt of steel, depending on the number of stories.


($1=  £0.70)

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