Battery maker Northvolt filed for bankruptcy in March after it failed to secure the financial backing needed to continue operating.

STOCKHOLM, Aug 7 (Reuters) - U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region's answer to rivals in Asia.

SAN JOSE, Calif. & STOCKHOLM & HEIDE, Germany, August 07, 2025--Lyten, the global leader in lithium-sulfur batteries, announced today that it has entered into a binding agreement to acquire Northvolt’s remaining assets in Sweden and Germany.