Northvolt

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  November 19, 2024

  Northvolt Sells California Plant to Lyten Amid European Expansion and Financial Challenges

  BY Sophia Schmitz
  Northvolt, a Swedish company specializing in energy storage solutions for electric vehicles, has announced the sale of its California plant to Lyten, a U.S. start-up focused on lithium-sulfur battery technologies. The decision is part of Northvolt’s strategy to concentrate its resources on the European market and bolster its industrial ambitions in the region. As part...
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  November 14, 2024

  Northvolt Sells US Battery Plant to California Startup Lyten Amid Financial Struggles

  BY Lars Jensen
  Northvolt AB, the financially struggling European battery manufacturer, has reached an agreement to sell its US factory to Lyten, a California-based startup focused on lithium-sulfur batteries. This move is part of Lyten’s broader effort to reduce America’s reliance on China for battery production. Under the terms of the deal, Lyten will invest $50 million over...
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