Challenges Ahead for Northvolt Buyer: 'This Will Cost a Lot of Money' - Radio Sweden
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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
American startup and battery manufacturer Lyten is acquiring the remaining assets of bankrupt Swedish battery manufacturer Northvolt. Lyten announced this in a statement on Thursday. The deal includes a factory and a research and development facility, both in Sweden. Financial details were not disclosed, but the assets are valued at approximately $5 billion.
The American company Lyten will acquire the remaining parts of the battery company Northvolt in Sweden, Lyten announced in a press release.
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).
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