Home Arctic Economy US startup Lyten to buy bankrupt European battery maker Northvolt
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US startup Lyten to buy bankrupt European battery maker Northvolt

By Reuters August 7, 2025

STOCKHOLM (Reuters) -U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region’s answer to rivals in Asia.

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