Overview

• The US start-up has a binding agreement to buy Northvolt’s remaining Swedish and German factories, with closing targeted for Q4 2025 subject to approvals.
• Lyten plans to apply for European Union support under frameworks like the Temporary Crisis and Transition Framework, but existing grants won’t transfer automatically.
• New estimates put German taxpayer exposure at around €900 million, up from earlier projections of €600 million for KfW loans and state guarantees.
• The insolvency administrator warns that many creditors will incur substantial losses once the takeover and restructuring proceed.
• Lyten, a smaller lithium-sulfur specialist, aims to restart production and expand its workforce pending sign-off from EU, Swedish and German authorities.