Whatever it was, the money is gone and the Lyten Company got themselves a huge amount of hardware and real estate. At a bargain price.Oh dear... Northvolt was a massive failure. Some even say it was a scam.
The press here in Sweden has called the spectacle "the ant that bought a dead elephant". Some locals rejoice. But mostly lukewarm reactions. Not to much expectations. Or any expectations at all really,
Lyten is after all a small company that is making no revenue. We shall se what the americans are up to.
I think the lab in Västerås is the most valuable part of the deal.