Lyten seeks EU billions to expand Northvolt battery plant in Skellefteå

Lyten, the buyer of Northvolt's assets, is preparing to expand the Skellefteå battery factory and has applied for ~5.5 billion SEK in EU support. Negotiations with data center operators and vehicle manufacturers are ongoing, with first external customer agreements expected in 6-12 months. This signals a potential revival of the site after Northvolt's bankruptcy, but the outcome depends on funding approval and securing offtake deals.