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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 08/Aug 09:42

Lyten buys Northvolt and resurrects European battery dream

Lyten, a US-based battery start-up backed by Stellantis, has agreed to acquire the remaining assets of the collapsed Swedish battery maker Northvolt. The company stated that it aims to continue the plans already in place by previous management. The buy-in restores Europe’s faltering ambitions of building a homegrown battery industry, although under American wings. The Silicon Valley company announced the deal on Thursday, saying it would take control of Northvolt’s primary production and research sites in Sweden and Germany, which include the Northvolt Ett gigafactory in Skellefteå, the Northvolt Labs R&D center in Västerås, and the unfinished Northvolt Drei facility in northern Germany. Continue reading at newmobility.news.

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