I don’t understand why this company gets so much airtime, it’s largely a failure. Granted it’s a business we need for manufacturing going forward but it’s just been continuous bad news.
Is this another situation where something is built by the British taxpayer then sold to a foreign nation by a Tory government?
This company had millions of gov money pumped into it, fronted by two Swedish businessmen with the goal to produce “a better battery” for electric vehicles, produced nothing, spent obscene amounts on private jet flights. I don’t really understand what the Australian firm is even purchasing
Aren’t ‘Aussie Investors’ usually just a vehicle for ‘Chinese Investors’?
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An Australian startup funded by a [US/Australian organisation](https://www.scalefacilitation.com/) that’s managed by an [Aussie CEO](https://www.linkedin.com/in/david-a-collard/) who holds the title of the youngest partner at PWC in history. So: absolute failure of UK government and I suspect there’s no UK based consortiums that can throw enough money around these days, but these are serious people backed by serious money and they’re likely to see this through which should at least bring a lot of jobs to the area.
Partly this is happening because we’re now at the point where the UK’s economic outlook is poor enough that we’re attractive as a manual labour force for manufacturing again, and also partly because if you’re trying to outdo the Chinese and Indian tech futures markets, you can’t really invest in more factories in China and India.
6 comments
I don’t understand why this company gets so much airtime, it’s largely a failure. Granted it’s a business we need for manufacturing going forward but it’s just been continuous bad news.
Is this another situation where something is built by the British taxpayer then sold to a foreign nation by a Tory government?
This company had millions of gov money pumped into it, fronted by two Swedish businessmen with the goal to produce “a better battery” for electric vehicles, produced nothing, spent obscene amounts on private jet flights. I don’t really understand what the Australian firm is even purchasing
Aren’t ‘Aussie Investors’ usually just a vehicle for ‘Chinese Investors’?
[removed]
An Australian startup funded by a [US/Australian organisation](https://www.scalefacilitation.com/) that’s managed by an [Aussie CEO](https://www.linkedin.com/in/david-a-collard/) who holds the title of the youngest partner at PWC in history. So: absolute failure of UK government and I suspect there’s no UK based consortiums that can throw enough money around these days, but these are serious people backed by serious money and they’re likely to see this through which should at least bring a lot of jobs to the area.
Partly this is happening because we’re now at the point where the UK’s economic outlook is poor enough that we’re attractive as a manual labour force for manufacturing again, and also partly because if you’re trying to outdo the Chinese and Indian tech futures markets, you can’t really invest in more factories in China and India.