US EditionNorthvolt Sold to American Company
14 Articles
14 Articles
They want to go into space and develop parts for the motorsport industry. Today the company struck on the remaining assets in Northvolt's Swedish factories. Here it is am
The battery company Northvolt went from a promising future industry to brutal bankruptcy. But now hope is rekindled – the American company Lyten is buying Northvolt. A deal worth around SEK 50 billion. – Today's announcement is very welcome, says Energy Minister Ebba Busch (KD).
Svenska Dagbladet
Lyten, an American battery company, is buying the remaining assets of Northvolt in Sweden and Germany, the company said in a press release. "A win for Sweden," says Minister of Energy and Enterprise Ebba Busch (KD).
The American company Lyten will acquire the remaining parts of Northvolt in Sweden. The company writes in a press release. "This is a defining moment for Lyten," says CEO Dan Cook.
A takeover offer for the insolvent Swedish battery manufacturer Northvolt is already well advanced. Lyten, a battery manufacturer specializing in lithium-sulfur batteries, which had already secured the Northvolt factory in Poland, among other things, now intends to take over all remaining sites and has already signed a binding agreement with Northvolt to this end, according to the US company.
Swedish battery hope went bankrupt: Now a buyer has been found. The Swedish battery manufacturer Northvolt, which had to file for bankruptcy in March, has, after months of searching, found its savior in the American state.
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