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US battery maker Lyten said Friday it had completed its acquisition of its bankrupt Swedish rival Northvolt’s assets in Sweden.
Lyten has completed acquisition of Northvolt’s Swedish assets, including the main factory and R&D center.
KEY POINTS
- 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
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