Lyten Acquires Northvolt Sweden Assets, Launches Industrial Battery…

Sarah J · 2026-03-09T16:28:46.000Z

US-based battery technology company Lyten has finalized the acquisition of key Swedish assets of bankrupt European battery manufacturer Northvolt, marking a major move to expand advanced battery manufacturing and energy infrastructure in Europe. The deal includes Northvolt’s flagship Northvolt Ett and Ett Expansion battery plants in Skellefteå and the Northvolt Labs R&D facility in Västerås, along with associated infrastructure and intellectual property. The acquired assets were previously valued at around $5 billion, making the transaction one of the largest battery-industry takeovers in Europe. Following the acquisition, Lyten plans to establish its first “Lyten Industrial Hub” in Skellefteå, integrating battery manufacturing, research and development, data centers, and other advanced manufacturing operations within a single ecosystem. The company intends to restart production at the Skellefteå battery facility, with commercial battery cell shipments expected to begin in the second half of 2026. The site already has 16 GWh of manufacturing capacity and significant room for expansion as demand for energy storage and electric-vehicle batteries grows globally. The acquisition comes after Northvolt’s bankruptcy in 2025, which was one of Sweden’s largest corporate failures. By taking over these assets, Lyten aims to revive the region’s battery industry while scaling its lithium-sulfur battery technology, a next-generation alternative to conventional lithium-ion batteries. Industry analysts say the move could help strengthen Europe’s energy-storage supply chain and reduce dependence on Asian battery producers while accelerating innovation in sustainable battery technologies.

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Lyten Acquires Northvolt Sweden Assets, Launches Industrial Battery… | SEINET