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This European Battery Project Costing €10,000,000,000 Ended in Bankruptcy, and the Us Would Have Bought It for 16 Times Less - Hybrids and Electrics
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Europe has just closed the sale of one of its most emblematic industrial projects. US company Lyten, specialized in batteries, has managed to reach a binding agreement to acquire the remaining assets of Northvolt, the Swedish firm that was born to be the European shield against Chinese dominance in the industry of battery packs for electric vehicles. The operation avoids the definitive disappearance after the bankruptcy of Northvolt, but places …
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