Lyten acquires Northvolt’s Swedish battery assets

US artillery institution Lyten has finalised the acquisition of Northvolt’s artillery manufacturing and probe assets successful Sweden and established an concern hub astatine the Skellefteå site.

The transaction includes Northvolt Ett and Ett Expansion successful Skellefteå, on with Northvolt Labs successful Västerås, carrying a combined publication worth of astir $5bn.

Together, the facilities comprise 16GWh of existing compartment accumulation capacity, much than 160 hectares of onshore and Europe’s “largest” artillery R&D centre.

In March, Northvolt filed for bankruptcy successful Sweden owed to fiscal and operational challenges.

Lyten said accumulation astatine the Skellefteå works volition restart, with commercialized artillery compartment shipments expected successful the 2nd fractional of 2026.

Northvolt Ett volition manufacture lithium-ion nickel, manganese and cobalt (NMC) cells for artillery vigor retention systems (BESS), automotive and mobility applications, supplying Lyten’s BESS assembly installation successful Gdansk, Poland.

At Northvolt Labs, enactment volition proceed connected long-life lithium-ion NMC compartment development.

The tract volition besides collaborate with Lyten’s Silicon Valley operations to industrialise lithium-sulphur artillery exertion for large-scale output.

Lyten CEO and co-founder Dan Cook said: “With this acquisition, Lyten present operates 1 of the largest artillery manufacturing campuses successful Europe and the largest artillery R&D centre successful Europe.

“We person the infrastructure, talent, and exertion to physique a thriving artillery ecosystem crossed North America and Europe, supported by section proviso chains and section talent, to present connected the rapidly increasing planetary request for distributed energy infrastructure.”

Lyten said it has begun the process of restarting Northvolt Ett and Northvolt Labs and volition motorboat a rehiring programme successful Skellefteå and Västerås.

The institution antecedently completed the acquisition of Northvolt’s BESS accumulation tract successful Gdansk, Poland, and is advancing the acquisition of Northvolt assets successful Heide, Germany.

In April, Scania, the motortruck manufacturing subsidiary of Volkswagen, agreed to get the Industrial Division of Northvolt Systems.

Northvolt Systems Industrial Division’s operations are divided betwixt 2 sites including a leased accumulation tract successful Gdańsk, Poland, and an R&D centre located successful Tomteboda, Stockholm, Sweden.

The portion is engaged successful improvement and manufacturing of artillery systems tailored for dense manufacture applications, including worldly handling, operation equipment, and mining.

"Lyten acquires Northvolt’s Swedish artillery assets" was primitively created and published by Just Auto, a GlobalData owned brand.