Lyten battery technology and business transition

Lyten, the American company that acquired Northvolt, is facing scrutiny regarding its technology and business stability. Industry veteran Frederic Hauge has criticized the company in a 14-page report, labeling Lyten a ‘bluff’ and questioning the reliability of its lithium-sulfur battery technology, financing, and customer base. Hauge has submitted these warnings to Norwegian bankruptcy trustees and the state-owned entity Siva.

In response to operational shifts, Lyten has revised its battery cell delivery timeline. Co-founder Lars Herlitz stated that deliveries are now expected in early 2025, following necessary re-qualification of cells after production line adjustments.

To support its expansion, the company is seeking approximately 5.5 billion SEK in EU subsidies for its factory in Skellefteå. Lyten is currently employing 200 people with plans to grow to 600 next year. The company is shifting its market focus toward sectors such as defense and data centers to reduce dependence on Chinese suppliers, aiming to secure its first external customer agreements within six to twelve months.