Lyten – Charm – Daily News

US startup Lyten to buy bankrupt European battery maker Northvolt

Cs news1 year ago05 mins

By Marie Mannes 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. Lyten, a Silicon Valley battery startup developing lithium-sulphur cells as…

US startup Lyten to take over Northvolt’s energy storage systems factory in Poland

Cs news1 year ago02 mins

WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a…