Reported 1 day ago
Lyten, a Silicon Valley battery startup, has acquired the assets of bankrupt Swedish battery maker Northvolt in a bid to establish a European electric vehicle battery production leader and reduce reliance on China. However, skepticism from potential customers and investors remains high, as they await evidence of Lyten's ability to deliver scalable, high-quality lithium-sulfur batteries. With competition heating up and significant financial backing necessary, Lyten aims to revive confidence in the European battery market while overcoming challenges similar to those faced by Northvolt.
Source: YAHOO