Lyten announces it has completed the acquisition of Northvolt Dwa in Gdańsk, Poland, the largest Battery Energy Storage System (BESS) manufacturing facility in Europe. Lyten is immediately restarting production and product development from Northvolt Dwa and targets sales before year end. Lyten is on track to complete the acquisition of … [continued]
While moving forward with plans for a lithium-sulfur EV battery, the US supermaterials startup Lyten is also busily snapping up the pieces of Northvolt’s failed BESS empire.
The trustee in bankruptcy for Northvokt said ths week that several invesfors are interesrted in the assets of the company.
BYD hit a significant milestone in April when it outsold Tesla in Europe, where Notthvolt is finding itself in financial turmoil.
Porsche is on the back foot after Northvolt filed for bankruptcy recently and is facing a steep decline in sales in China,
The US Inflation Reduction Act — unless it is repeal or revoked — will provide tens of billions of dollars in production credits to companies that manufacture lithium-ion batteries using materials and components sourced from within the US or from countries America deems worthy. This week, the European Union announced … [continued]
The European Union lost a few things in the past week. The least of them was a couple of billion euros of loans and grants. A big one was a new supply of fresh and shiny Europe-made batteries. The biggest was a belief that anything China could do, they could … [continued]
Northvolt has completed a restructuring plan that will lead to significant layoffs while it seeks a new path forward.
In streamlining operations, Northvolt will initially focus on large-scale cell manufacturing whilst reducing costs and exploring future strategic partnerships for the purpose of securing its position in the global battery landscape. Northvolt is today announcing its initial steps to be taken as part of its strategic review. These measures reflect … [continued]
Morrow Batteries will begin making LFP batteries at scale in a new factory in Norway by the end of this year.
