US battery company Lyten has finalised the purchase of Northvolt’s battery manufacturing and research assets in Sweden and established an industrial hub at the Skellefteå site.
The transaction includes Northvolt Ett and Ett Expansion in Skellefteå, along with Northvolt Labs in Västerås, carrying a combined book value of about $5bn.
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Together, the facilities comprise 16GWh of existing cell production capacity, more than 160 hectares of land and Europe’s “largest” battery R&D centre.
In March, Northvolt filed for bankruptcy in Sweden due to financial and operational challenges.
Lyten said production at the Skellefteå plant will restart, with commercial battery cell shipments expected in the second half of 2026.
Northvolt Ett will manufacture lithium-ion nickel, manganese and cobalt (NMC) cells for battery energy storage systems (BESS), automotive and mobility applications, supplying Lyten’s BESS assembly facility in Gdansk, Poland.
At Northvolt Labs, work will continue on long-life lithium-ion NMC cell development.
The site will also collaborate with Lyten’s Silicon Valley operations to industrialise lithium-sulphur battery technology for large-scale output.
Lyten CEO and co-founder Dan Cook said: “With this acquisition, Lyten now operates one of the largest battery manufacturing campuses in Europe and the largest battery R&D centre in Europe.
“We have the infrastructure, talent, and technology to build a thriving battery ecosystem across North America and Europe, supported by local supply chains and local talent, to deliver on the rapidly growing global need for distributed electricity infrastructure.”
Lyten said it has begun the process of restarting Northvolt Ett and Northvolt Labs and will launch a rehiring programme in Skellefteå and Västerås.
The company previously completed the acquisition of Northvolt’s BESS production site in Gdansk, Poland, and is advancing the purchase of Northvolt assets in Heide, Germany.
In April, Scania, the truck manufacturing subsidiary of Volkswagen, agreed to acquire the Industrial Division of Northvolt Systems.
Northvolt Systems Industrial Division’s operations are split between two sites including a leased production site in Gdańsk, Poland, and an R&D centre located in Tomteboda, Stockholm, Sweden.
The unit is engaged in development and manufacturing of battery systems tailored for heavy industry applications, including material handling, construction equipment, and mining.
