The US battery company Lyten has agreed to buy the bankrupt Swedish start-up Northvolt from its administrator, promising to restart production at the company''s sites in Sweden and Germany.
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San Jose, CA, Stockholm, SWEDEN & Heide, GERMANY – August 7, 2025 – (BUSINESS WIRE) – Lyten, the global leader in lithium-sulfur batteries, announced today that it has entered into a binding agreement to acquire Northvolt''s remaining assets
Northvolt AB was a Swedish battery developer and manufacturer, interested in lithium-ion technology for electric vehicles. [4] Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå Municipality, Sweden in 2021 and announced plans for five others in Europe and North America. The company filed Chapter 11
The San Jose, CA-based lithium-sulfur battery innovator announced it will add to its previous Northvolt acquisitions with the Ett, Labs, and Drei facilities, and all remaining Northvolt intellectual property, the newly acquired assets developed with
Silicon Valley startup Lyten will need to convince carmakers it can succeed where bankrupt Swedish EV battery maker Northvolt failed - creating a European champion to reduce the region''s reliance
