Companies
Lyten makes lithium-sulfur batteries that do not contain nickel, cobalt, or manganese, materials whose supply is dominated by China.
Silicon Valley startup Lyten said on Aug. 7 that it has entered a binding agreement to acquire all of Northvolt’s remaining assets in Sweden and Germany, aiming to expand its lithium-sulfur battery technology into Europe as the continent seeks alternatives to Chinese-controlled supply chains.
Scandinavian electric vehicle (EV) battery maker Northvolt filed for bankruptcy in March in one of the largest corporate collapses in Swedish history.
