India, Aug. 11 -- Lyten, the global leader in lithium-sulfur batteries, has entered into binding agreements to acquire Northvolt Ett and Ett Expansion, Northvolt Labs, Northvolt Drei, and all remaining Northvolt intellectual property (IP).

These newly-acquired assets were previously valued at approximately $5 billion, and include 16 GWh of operational battery production capacity and over 15 GWh under construction.

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. The acquisition includes Northvolt Ett and Ett Expansion (Skelleftea, Sweden), Northvolt Labs (Vasteras, Sweden), and Northvolt Drei (Heide, Germany)....