Stellantis said post-Brexit export rules and the lack of a domestic battery manufacturer could force it to close its plants in Britain.
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
The Japanese carmaker will also manufacture a new electric vehicle in England as part of a £1 billion investment, partially supported by the government.
Lacking a strong domestic battery industry, Britain may be left behind by the shift to electric cars.