Quebec is ready to meet the Californian manufacturer of battery Lyten

Quebec is ready to meet the Californian manufacturer of battery Lyten. Moreover, who wants to buy the $ 7g Quebec factory project from Northvolt.

• Read also: Battery sector: Quebec still keeps megawatts for Northvolt

• Read also: Battery sector: The young shoot that bought two Northvolt factories in financial difficulties

“We are going to meet. Meanwhile, listen to them,” said it to Journal The cabinet of the Minister of the Economy, Christine Fréchette, by sticking on a declaration published earlier on social networks.

After losing $ 270M in the Mother House of Northvolt, could Quebec Public money? Moreover, We refuse to get wet, because the exchanges are in progress.

“It is our responsibility to rigorously assess this new situation and to learn about potential offers,” said the economic minister.

Quebec still has a legal mortgage in the quebec ready meet californian manufacturer field, which would be worth more than the $ 240M paid.

Last Wednesday. The newspaper reported that the Quebec state still kept the energy block of 354 megawatts (MW) for Northvolt hoping that the factory was born.

In acquisition mode

However. a day later, the young American shoot Lyten announced that she was getting hold of the Swedish and German activities of Northvolt.

This includes the main factory in northern Sweden, Skellefteå, Northvolt Ett, and its research center in Västerås.

The group will also acquire Northvolt Drei, quebec ready meet californian manufacturer a German factory under construction, and its intellectual property.

In Quebec. the acting CEO of Northvolt North America, Karen Chang, praised the interest that Lyten for the Quebec project, located in Saint-Basile-le-Grand and McMasterville.

“We are encouraged by the keen interest manifested by Lyten,” she said by press release.

Founded in 2016, Northvolt was one of the largest European manufacturers of lithium-ion batteries for electric vehicles, but he filed for bankruptcy in March due to a slowdown in demand, production delays and enormous debt.

Lyten, quebec ready meet californian manufacturer who bought her activities, says that she will rehire “an important part of the previously dismissed employees”.

In November 2024, the company bought the CUBERG battery manufacturing plant in Northvolt in California.

At the beginning of July. she took control of the Polish activities of the Swedish group by acquiring the largest factory in Europe of energy storage systems per battery, intended to store solar and wind energy, in Gdansk.

Founded in 2015, Lyten specializes in Lithium-Soufre technology, which does not require nickel, manganese, cobalt or graphite.

– with the collaboration of AFP