By Ian Walker

Amte Power PLC said Wednesday that it expects to be made a partner in a new U.K. government-funded project to develop ultra-fast charging systems for electric and fuel cell vehicles.

The manufacturer of lithium-ion and sodium-ion battery cells said the project, named Celeritas, will be funded by the joint partners, which include the U.K. Advanced Propulsion Centre as well as a consortium consisting of Sprint Power, BMW, BP PLC, Clas-SiC and Eltrium.

Shares at 0947 GMT were up 14.90 pence, or 7.5%, at 215.0 pence.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

August 18, 2021 06:09 ET (10:09 GMT)

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