US EditionAmerican company Lyten interested in purchasing Northvolt battery plant in Quebec
QUEBEC, CANADA, AUG 8 – Lyten aims to expand its North American battery market share by acquiring Northvolt's Quebec plant and assets, following Northvolt's bankruptcy and prior purchases in Europe and California.
- American company Lyten announced on August 7, 2025, that it entered deals to acquire Northvolt's assets in Sweden, Germany, and aims to purchase a battery plant in Quebec, Canada.
- These acquisitions follow Northvolt's bankruptcy filing in Sweden on March 12, 2025, after which Lyten acquired Northvolt's Cuberg battery facility in California in November 2024.
- Founded in 2015 and based in San Jose, Lyten manufactures lithium-sulfur batteries and is progressing discussions with Canadian and Quebec governments and other stakeholders.
- Quebec Economy Minister Christine Fréchette stated that the provincial government plans to engage with representatives from Lyten to learn about their proposal, emphasizing that the province holds the authority to regulate or reject the acquisition and will conduct a thorough evaluation of the matter.
- Before Northvolt's parent company declared bankruptcy, the Quebec government committed $270 million in funding, while its pension fund contributed an additional $200 million; Lyten's recent acquisitions may influence Quebec's position within the North American battery industry.
16 Articles
16 Articles
American buyer interested in Quebec's Northvolt battery plant
Lyten, an American company, has announced it hopes to purchase the Northvolt battery plant in Quebec. This comes after the company shared Thursday it entered into a deal buy Northvolt's assets in Sweden and Germany.
Warns of tragicomic Lyten comedy when the company is to be "revived". The new owner, the American Lyten, is "strikingly similar" to Northvolt.
American company Lyten interested in purchasing Northvolt battery plant in Quebec
Lyten, an American company, has announced it hopes to purchase the Northvolt battery plant in Quebec. This comes after the company shared Thursday it entered into a deal buy Northvolt’s assets in Sweden and Germany. The acquisition includes the Northvolt Ett, Ett Expansion, and Northvolt Labs facilities in Sweden, as well as Northvolt Drei in Germany. Lyten will also acquire all of Northvolt’s remaining intellectual property. The value of the tr…
Lyten Interested In Purchasing Northvolt Battery Plant In Que. - Canadian Manufacturing
Lyten, an American company, has announced it hopes to purchase the Northvolt battery plant in Quebec. This comes after the company shared on Aug. 7 that it entered into a deal to buy Northvolt’s assets in Sweden and Germany. The acquisition includes the Northvolt Ett, Ett Expansion, and Northvolt Labs facilities in Sweden, as well as Northvolt Drei in Germany. Lyten will also acquire all of Northvolt’s remaining intellectual property. The value …
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