The deal includes Northvolt’s flagship factory and a research and development facility, both in Sweden, and the site of a future factory in Germany, according to a statement. The startup declared it’s committed to working with the Swedish and German governments to expand facilities at those locations.
A NorthVolt AB Labs research and development center in Sweden.
Photographer: Mikael Sjoberg/Bloomberg
Dan Cook, Lyten’s Chief Executive Officer and co-founder, declined in an interview to disclose the financial details, but confirmed that the company is acquireing the assets …
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