US Edition
New Northvolt Owner Wants to Continue Expansion
SWEDEN AND GERMANY, AUG 7 – Lyten is acquiring over $5 billion in Northvolt assets to restart European battery production and expand lithium-sulfur capacity amid rising demand for energy and defense applications.
- Lyten, a California-based lithium-sulfur battery maker, announced the acquisition of bankrupt Swedish company Northvolt's remaining assets today, including major facilities in Sweden and Germany.
- Northvolt entered bankruptcy proceedings in March 2025 following difficulties in increasing production capacity at its main facility located in northern Sweden, having been under Chapter 11 protection since late 2024.
- The deal includes over $5 billion in manufacturing assets, 16 GWh of existing battery capacity, 15+ GWh under construction, Poland’s largest energy storage business, and all intellectual property.
- Lyten has secured more than $625 million in funding from backers such as Stellantis, FedEx, and the U.S. government, with CEO Dan Cook describing the acquisition as a pivotal milestone for the company.
- Lyten plans to restart Northvolt’s plants quickly and resume lithium-ion deliveries by 2026, aiming to support energy independence and meet growing demand in automotive and defense sectors.
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59 Articles
59 Articles
Hundreds of millions of tax money were given to Northvolts and are considered lost. Now there is a purchase agreement with the American start-up Lyten – and thus new hope.
·Frankfurt, Germany
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Tells how he will make the company profitable • Unclear what the battery factory will be called
·Stockholm, Sweden
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US startup plugs into Northvolt to spark EV battery revival
Silicon Valley startup Lyten said on Thursday it had agreed to buy bankrupt Northvolt's remaining assets in Sweden and Germany, potentially reviving Europe's hopes of building a domestic electric vehicle battery industry to reduce reliance on China.
·Johannesburg, South Africa
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der Standard ATReposted by 
der Standard DE
der Standard DEThe insolvent Swedish battery manufacturer changes ownership. Assets are estimated at five billion dollars, also affected Germany
·Vienna, Austria
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Total News Sources59
Leaning Left13Leaning Right13Center9Last UpdatedBias Distribution37% Left, 37% Right
Bias Distribution
- 37% of the sources lean Left, 37% of the sources lean Right
37% Right
L 37%
C 26%
R 37%
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