Overview

• Lyten agreed to buy roughly $5 billion of Northvolt’s remaining Swedish and German factories along with related intellectual property.
• The acquisition includes about 16 GWh of manufacturing capacity already online and 15 GWh under construction in Quebec, Canada.
• Lyten secured the assets at a significant discount and did not assume Northvolt’s financial liabilities.
• The company plans to rehire many former Northvolt employees and convert the plants from conventional lithium-ion to proprietary lithium-sulfur production.
• Industry observers caution that Lyten must integrate multi-country operations, secure new commercial contracts and clear regulatory approvals to revive large-scale output.