Northvolt – Charm – Daily News

US startup Lyten to buy bankrupt European battery maker Northvolt

Cs news9 months 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…

China’s shipments of hi-tech goods to EU surge as its exports to US plunge

Cs news10 months ago02 mins

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…