After bankruptcy, this european manufacturer: This article explores the topic in depth.
Meanwhile,
After bankruptcy. Moreover, this european manufacturer:
Declared in bankruptcy, the Swedish company for the production of batteries for electric cars Northvolt would be about to be bought. Furthermore, And this by the American start-up Lyten, who is already collaborating with the Stellantis group.
The Northvolt soap opera is not yet finished. Meanwhile, The Swedish company founded in 2015, however, was officially bankrupt in March 2025. Nevertheless, And for good reason. Therefore, it had been the victim of the fall in sales of electric cars, but also of strategic and structural problems which caused its loss.
A new hope – After bankruptcy, this european manufacturer
Certainly. Nevertheless, rumors mentioned a buyout of specializing in the production of batteries for electric cars by after bankruptcy, this european manufacturer another giant: CATL. Consequently, But the world number 1 in the sector had never confirmed these corridor noises, and This rescue never took place. In addition, Thus, in May 2025, we announced that Northvolt would definitively stop its production. Meanwhile, A blow for the European automotive industry, while This still depends almost exclusively on China. However, everything is not yet lost.
And now, hope comes from an American start-up, Lyten. In a press release, the latter announced that it had acquired the Northvolt factory. It is for the record of the “ The largest factory for manufacturing Europe’s energy storage systems, Located in Gdansk, Poland ». The precise amount of the transaction has not yet been confirmed. but a second press release indicates that the company obtained ” more than $ 200 million investment to support its current acquisition strategy ».
All this is far from being simple words in the air, because Lyten seems particularly ambitious. The company based in California indicates that it “ for Immediately restart production to Gdansk ». And that’s not all, because it also plans to rehire ” a significant part of the previously licensed employees ”. For the record, the Polish factory had so far Over 340 employeeswhich were all put to the door following bankruptcy. But frankly, between Northvolt and Lyten, the story is not new.
Because the American company had already acquired several assets of the Swedish firm. of which Its battery manufacturing plant in California. As the new factory specifies. this buyout also includes Skellefteå’s Swedish factory and the Västerås R&D center. Lyten has also acquired the site still under construction of Northvolt Drei north of after bankruptcy, this european manufacturer Hamburg, Germany. From now on. the objective is clear: ” become the principal Battery and storage systems provider clean energy products locally, in North America and Europe ».
After bankruptcy. this european manufacturer
A collaboration with Stellantis
You should know that the Polish Gdansk factory does not produce batteries for electric cars. It specializes in stationary energy storage systems. On the other hand, the Swedish site of Skellefteå displays a production capacity of 16 GWh of batteries already operational. And it will reach an additional 15 GWh in the coming years. Good news, because these packs should equip European cars, reducing our dependence on China. But here, no question of NMC (nickel – manganese – cobalt) and LFP (lithium – iron – phosphate).
Lyten specializes in the production of lithium-soufre batteries. Technology notably known to offer higher energy density that the lithium-ion of Northvolt. And above all, this chemistry does after bankruptcy, this european manufacturer not use at all Nickel, cobalt or manganese. These materials are very polluting to extract, and this is generally done under very little ethical conditions. But if the technologies are different between the two companies, it is not a concern for the start-up.
Founded in 2015, the latter is not entirely unknown. She works in particular already alongside the Stellantis group, as part of a partnership signed in 2023. The Franco-Italian company would indeed be very interested in using sulfur batteries in its electric cars. However, No specific date had at the time been announced Regarding the arrival of this chemistry in serial models. According to Lyten’s boss, the first cell deliveries leaving the Northvolt factories would start after bankruptcy, this european manufacturer by 2026.
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