Northvolt purchase complete, production to resume in 2026
The American company Lyten has completed its purchase of the previously bankrupt Northvolt battery factory. Lyten plans to resume production in 2026.
Business
Lyten: Northvolt deal to be completed shortly
Lyten, the American buyer of Northvolt, expects to complete the deal "shortly." "The process has taken longer than we originally estimated, but we are now in the final stages," Lyten's marketing manager, Keith Norman, writes in an email to TT.
Business
Lyten says Northvolt purchase taking longer than expected
American Lyten's purchase of the bankrupt estate of battery manufacturer Northvolt has taken an unexpectedly long time. "Some parts are taking longer than expected, but overall the acquisition is progressing according to plan," Lyten's marketing manager, Keith Norman, wrote in a statement.
Business