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…
China’s shipments of hi-tech goods to the European Union went into overdrive last month, coinciding with a big drop in exports of the same goods to the US, suggesting that the superpower trade and tech wars could be affecting trade with Europe. Calculations based on recently published Chinese trade data showed that China in May…
As the world hurtles towards four more years of geopolitical chaos, it is often said in EU capitals that Europe is at a crossroads. The facts at hand suggest that the intersection is much more complicated, and Europe is on a slip road towards a spaghetti junction. At a moment of intense geopolitical upheaval and…
STOCKHOLM (Reuters) -The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to explore options to stay afloat. Northvolt has in a matter of months gone from being Europe’s best shot at a home-grown electric-vehicle battery champion…