US Battery Startup Lyten to Acquire Northvolt Assets in Sweden, Germany

Lyten makes Lithium-sulfur batteries that do not contain nickel, cobalt, or manganese, materials whose supply is dominated by China.
US Battery Startup Lyten to Acquire Northvolt Assets in Sweden, Germany
A machine inside the Northvolt facility in Vasteras, Sweden, on Sept. 29, 2021. Helena Soderpalm/Reuters
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Silicon Valley startup Lyten said on Aug. 7 that it has entered a binding agreement to acquire all of Northvolt’s remaining assets in Sweden and Germany, aiming to expand its lithium-sulfur battery technology into Europe as the continent seeks alternatives to Chinese-controlled supply chains.

Scandinavian electric vehicle (EV) battery maker Northvolt filed for bankruptcy in March in one of the largest corporate collapses in Swedish history.
Owen Evans
Owen Evans
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Owen Evans is a UK-based journalist covering a wide range of national stories, with a particular interest in civil liberties and free speech.