Lyten Acquires Northvolt's Polish Factory Amid Bankruptcy
American firm Lyten acquires Northvolt's Polish factory following bankruptcy.
Key Points
- • Lyten purchases Northvolt's Polish operations amid bankruptcy.
- • There are five interested buyers for Northvolt's assets.
- • Local officials describe the situation in Skellefteå as 'miserable.'
- • The sale was announced on July 1, 2025.
American battery company Lyten has successfully acquired the Polish operations of Northvolt, which is currently undergoing bankruptcy proceedings. This acquisition was confirmed by the bankruptcy administrator on July 1, 2025, who noted there were five interested parties vying for Northvolt's assets, among them major factories such as the one in Skellefteå.
The news has sparked reactions from local officials, particularly in Skellefteå. Lorents Burman, a local politician, expressed concerns over the implications of Northvolt's bankruptcy for the community, branding the current situation as 'miserable.' The acquisition signifies a crucial shift in the ownership structure of Northvolt's operations, particularly at a time when the company is facing significant financial restructuring.