US firm Lyten acquires assets of bankrupt European battery maker Northvolt
World Business Report
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The Evolving Electric Battery Landscape
This chapter examines the competitive dynamics of the electric battery sector, focusing on a recent acquisition of Northvolt's assets by a Silicon Valley firm. It highlights the innovation in lithium-sulfur battery technology and the implications for Europe's ability to compete against key players like China. Additionally, the conversation addresses supply chain challenges, workforce impacts, and the importance of rebuilding trust in the battery production ecosystem.
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