Lyten acquires Northvolt factory in the United States to promote the development of lithium sulfur battery business
Lyten Corporation of the United States will acquire the local Cuberg battery factory that Northvolt is selling.
This transaction will enable Cuberg's lithium metal battery factory in San Leandro to produce up to 200 MWh of lithium sulfur batteries to meet the growing demand for defense, drones, micro mobility, and other energy storage applications.
Cuberg's lithium metal battery production equipment and facilities will be converted to produce lithium sulfur batteries, which will increase Lyten's current semi automated production in San Jose. Previously, the company announced its first lithium sulfur battery super factory in October, which will go online in 2027.
Lyten will also acquire Cuberg's battery cell development and invest up to $20 million in 2025 as part of its ongoing plan to expand its San Leandro and San Jose factories. The commercial production plan for San Leandro is scheduled to begin in the second half of 2025.
At the same time, Northvolt has significantly reduced its investment and lithium-ion battery manufacturing scale in Europe. Northvolt acquired Cuberg, headquartered in the United States, in 2021 and integrated its technology into its development center in Sweden.
Lyten CEO and co-founder Dan Cook said, "The acquisition of additional lithium sulfur battery manufacturing capacity is to meet customer demand faster
Celina Mikolajczak, Chief Battery Technology Officer of Lyten, said, "This factory further demonstrates our strategy to build the United States' leadership position in the next generation of battery manufacturing and will enable Lyten to expand our domestic material supply chain faster
The batteries produced in San Leandro will be sourced from the US materials supply chain and do not require nickel, cobalt, manganese, or graphite, making them compliant with the US Defense Authorization Act (NDAA) and inflation reduction actions.
Dan Cook said, "Lyten's manufacturing expansion speed is a timely measure aimed at assisting the US Department of Defense and military in complying with the 2024 Defense Authorization Act, which requires the procurement of domestically produced batteries
Lithium sulfur batteries are highly manufacturable batteries that can be produced on standard lithium-ion equipment used around the world today. We plan to leverage this advantage by acquiring lithium-ion assets and continuing to seize opportunities to expand the production of lithium sulfur batteries
Lyten's lithium sulfur battery cells are 40% lighter than lithium-ion batteries and 60% lighter than lithium iron phosphate (LFP) batteries.
Cuberg's lithium metal battery production equipment and facilities will be converted to produce lithium sulfur batteries, which will increase Lyten's current semi automated production in San Jose. Previously, the company announced its first lithium sulfur battery super factory in October, which will go online in 2027.
Lyten will also acquire Cuberg's battery cell development and invest up to $20 million in 2025 as part of its ongoing plan to expand its San Leandro and San Jose factories. The commercial production plan for San Leandro is scheduled to begin in the second half of 2025.
At the same time, Northvolt has significantly reduced its investment and lithium-ion battery manufacturing scale in Europe. Northvolt acquired Cuberg, headquartered in the United States, in 2021 and integrated its technology into its development center in Sweden.
Lyten CEO and co-founder Dan Cook said, "The acquisition of additional lithium sulfur battery manufacturing capacity is to meet customer demand faster
Celina Mikolajczak, Chief Battery Technology Officer of Lyten, said, "This factory further demonstrates our strategy to build the United States' leadership position in the next generation of battery manufacturing and will enable Lyten to expand our domestic material supply chain faster
The batteries produced in San Leandro will be sourced from the US materials supply chain and do not require nickel, cobalt, manganese, or graphite, making them compliant with the US Defense Authorization Act (NDAA) and inflation reduction actions.
Dan Cook said, "Lyten's manufacturing expansion speed is a timely measure aimed at assisting the US Department of Defense and military in complying with the 2024 Defense Authorization Act, which requires the procurement of domestically produced batteries
Lithium sulfur batteries are highly manufacturable batteries that can be produced on standard lithium-ion equipment used around the world today. We plan to leverage this advantage by acquiring lithium-ion assets and continuing to seize opportunities to expand the production of lithium sulfur batteries
Lyten's lithium sulfur battery cells are 40% lighter than lithium-ion batteries and 60% lighter than lithium iron phosphate (LFP) batteries.