Northvolt’s remaining assets to be acquired by Lyten

Lyten plans to restart operations at Northvolt Ett, Northvolt Labs upon close of transaction

Lyten, a San Jose, Calif.-based supplier of lithium-sulfur batteries, has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany.

The acquisition includes Northvolt Ett and Ett Expansion (Skellefteå, Sweden), Northvolt Labs (Västerås, Sweden), and Northvolt Drei (Heide, Germany). Additionally, Lyten will acquire all remaining Northvolt…

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