Northvolt is a Sweden-based battery technology company that manufactures and supplies products such as lithium-ion cells and storage systems for electric vehicles.
Lyten acquires Northvolt's battery facilities in Sweden
Lyten acquires Northvolt's battery facilities in Sweden, gaining 16 GWh production capacity and R&D center. Plans to create industrial hub and hire 600+ employees.
Chinese products dominate European markets with low prices, but their price advantage may decrease due to various factors including EU's countermeasures and internal competition.
US firm Lyten's acquisition of insolvent Swedish battery maker Northvolt approved. Deal to be completed by October end, including Heide factory in Germany.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.