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.
BusinessAmerican Lyten aims to complete the Northvolt deal "in the beginning of the fourth quarter", according to Lyten's new Sweden manager. The plan is to get the battery production in Skellefteå up and running again during the first half of 2026. But it will be with significantly fewer employees than the approximately 5,000 who worked for Northvolt at the time of the bankruptcy.
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