Lyten acquires Northvolt’s remaining European assets
Californian battery startup Lyten has agreed to acquire the remaining European assets of Northvolt, purchasing the company's flagship gigafactory and research facilities at a “deeply discounted” but undisclosed price. The deal, backed by investors including Stellantis, FedEx, and Honeywell, aims to revive Europe's failed battery manufacturing champion after multiple bankruptcies.
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Originally posted on: https://www.automotiveworld.com/articles/lyten-acquires-northvolts-remaining-european-assets/