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August 7, 2025

Northvolt assets sold to US battery startup Lyten

Sweden’s deputy prime minister described the move as ‘a win’ for employees and Europe’s energy independence

Freya Pratty

2 min read

US battery company Lyten has agreed to buy Swedish gigafactory Northvolt’s remaining assets out of bankruptcy and plans to continue operations at the site, the company said in a statement. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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