US EditionBattery startup Lyten yet to convince carmakers over Northvolt revival
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9 Articles
Battery startup Lyten yet to convince carmakers over Northvolt revival
Silicon Valley startup Lyten will need to convince carmakers it can succeed where bankrupt Swedish EV battery maker Northvolt failed - creating a European champion to reduce the region's reliance on China.
Lyten yet to convince carmakers over Northvolt revival
Silicon Valley startup Lyten will need to convince carmakers it can succeed where bankrupt Swedish EV battery maker Northvolt failed, creating a European champion to reduce the region's reliance on China.
Although Northvolt already has a buyer, European car manufacturers are reluctant to once again support the Swedish company, which must first demonstrate its ability to manufacture batteries on a large scale. On August 7, the American battery manufacturer Lyten, backed by the powerful Stellantis group, announced the purchase of the assets of the ill-fated Northvolt, a move that has saved the Swedish company. However, the new owner will have the d…
After the failure of the Northvolt batteries, the company's assets were taken over by Lyten, an American company specializing in lithium-soufre batteries. However, is this good news? Nothing is less secure. The American company Lyten understood that Europeans were looking to buy some of these batteries.
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