News: £28m battery company project falls flat, millions of public money lost

Most sectors saw growth in March, but battery production fell by 41 percent.

News: £28m battery company project falls flat, millions of public money lost

A £28m investment project to create a manufacturing base for a new type of battery in South Yorkshire appears to have died - a long with the 500 promised jobs and millions of pounds in public sector loans and grants. Rothbiz reported in 2023 that Rotherham was confirmed as the location for the Ultimate Battery Company's (UBC's) first manufacturing plant and innovation centre, set to create 495 highly skilled jobs by early 2026. The announcement …

Vehicle manufacturing has already performed better than a year ago, but battery production continues to produce terrible numbers. The only reason the overall performance of Hungarian industry was exactly the same as a year ago was because there were two more working days this time.