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Lyten completes acquisition of former Northvolt battery assets in Sweden

The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity, more than 160 hectares of land, infrastructure and buildings to support expanded manufacturing and industrial activities, and the largest and most advanced battery research and development center in Europe.
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Nikola has acquired electrification specialist Romeo Power

In the meantime, a few days ago Nikola founder and former CEO, Trevor Milton, was found guilty of three out of four counts of fraud in the U.S. Milton was charged with making fraudulent statements to drive up the value of Nikola’s stock.
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