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Forrest reveals plan to turn Formula 1 firm into global battery player

Oxfordshire, England | Mining and green energy billionaire Andrew Forrest has revealed plans to transform his recently acquired British Formula 1 car designer WAE into the key hub for Fortescue’s worldwide battery and electric vehicle ambitions.

Dr Forrest has shifted a top US-based Fortescue executive, Judith Judson, to take the helm at WAE, as it opens two new facilities and kicks off a recruitment drive to boost the British company’s headcount at least fourfold.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/companies/energy/forrest-reveals-plan-to-turn-formula-1-firm-into-global-battery-player-20230620-p5dhti