Battery startup Britishvolt CEO to step down

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Hoare joined Britishvolt in June 2021 from Ford Motor Co., where he was chairman of Ford of Britain. He started at Ford in 2002, and before that held management positions at Jaguar Land Rover and BMW.

Britishvolt is working with UK sports-car makers Aston Martin and Lotus to develop high-performance EV batteries. It is building a battery factory in Northumberland, England, that could eventually supply batteries for 300,000 EVs a year, and provide 3,000 direct jobs.

In January of this year, the UK government said it would support Britishvolt through a 100 million pound ($118 million) grant from its Automotive Transition Fund, as the country seeks to develop a domestic battery industry to help secure future production of electric vehicles.

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