# US battery maker Lyten said Friday it had completed its acquisition of its bankrupt Swedish rival Northvolt’s assets in Sweden.

*business · news · 2026-02-27 · Firstpost*

## Key points

- Lyten has completed acquisition of Northvolt’s Swedish assets, including the main factory and R&D center.
- The acquisition gives Lyten 16 GWh of manufacturing capacity and 160 hectares of land in Sweden.
- Lyten will begin restarting Northvolt Ett and Northvolt Labs immediately after acquisition completion.
- Lyten expects to start commercial battery cell sales from the Swedish facility in the second half of 2026.
- Lyten is also progressing on acquiring Northvolt’s assets in Heide, Germany, announced earlier.

**Companies:** Lyten
**Countries:** United States, Sweden, Poland, Germany

[Read the full story on Firstpost](https://www.firstpost.com/business/lyten-completes-5-billion-northvolt-sweden-acquisition-targets-battery-sales-in-h2-2026-13984421.html)

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