Silicon Valley’s battery king buys Northvolt – factory to restart
7 aug. 2025
16:08
US battery company Lyten is set to acquire Northvolt’s battery factories in Skellefteå and Västerås, as well as its planned site in Heide, Germany.
"A defining moment for Lyten," says CEO and co-founder Dan Cook.
"A defining moment for Lyten," says CEO and co-founder Dan Cook.
The US battery manufacturer Lyten, which produces lithium-sulphur batteries, has signed a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany.
The deal covers Northvolt Ett and Ett Expansion in Skellefteå, Northvolt Labs in Västerås, and Northvolt Drei in Heide, Germany.