Us Group Swallows Northvolts: Insolvent Battery Cell Manufacturer Wants More Tax Money
8 Articles
8 Articles
U.S. company Lyten takes over the insolvent battery cell manufacturer Northvolt. New funding proposals are planned. German taxpayers fear billions.
The insolvent Swedish battery cell manufacturer Northvolt is facing a takeover by the US company Lyten. Even before the recovery of the financial losses ... The post More taxpayers' money: Battery cell manufacturer Northvolt is to be taken over by the US company Lyten appeared first on Apollo News.
A Californian start-up wants to take over Northvolt, a company supported by a lot of tax money. According to a media report, Lyten plans to apply for further public aid.
Disappointing message from Lyten's CEO. "I have already asked our partners to look into this."
The significantly smaller start-up Lyten takes over all Northvolt locations. In Kiel politics, there are voices who are concerned that the company will fail due to its expansion plans. Lyten wants to make an effort for EU funding.
The relief was great when it became known that the U.S. company Lyten took over the assets of the battery producer Northvolt. But with buyer and acquisition object much does not fit together
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