Battery maker Northvolt’s energy storage system plant in Gdansk, Poland, on Oct. 21, 2024. (Marie Mannes/Reuters0
Silicon Valley startup Lyten will acquire Northvolt Dwa in Poland to expand its lithium-sulfur technology into Europe, as the continent seeks alternatives to Chinese-controlled supply chains.
Scandinavian electric vehicle (EV) battery cell manufacturer Northvolt AB, Northvolt Dwa’s parent company, filed for bankruptcy in March in one of the biggest bankruptcies in Swedish corporate history.
