Partial permit for Heide plant as lyten/northvolt repays millions.
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Partial permit for Heide plant as lyten/northvolt repays millions. As part of the planned acquisition by the US battery manufacturer Lyten, Northvolt Drei Projektgesellschaft has secured a key partial approval for the construction of its battery cell factory in Heide, Germany. Additionally, the company has repaid €153 million from a convertible bond, with the funds going to the federal and state governments. By Florian Treiss 10.04.2026 - 16:22 For years, the planned battery cell factory in Heide in the north of the country has been seen as one of the greatest hopes for establishing a European supply and value chain for electric vehicle batteries. After the insolvency of Swedish battery cell manufacturer Northvolt, its plans to build a factory in Heide with 3,000 jobs appeared to be in jeopardy. However, the project has now been revived following its takeover by US battery manufacturer Lyten. However, the latter is planning a significantly smaller operation, with just 1,000 jobs. After construction stalled due to Northvolt's bankruptcy - leaving only the site prepared - progress has resumed. Following a visit by Lyten's CEO Dan Cook to the Heide and Kiel regions in March, where he met with local political representatives and the state government to discuss Lyten's plans for continuing the project, a crucial approval has now been granted. The Schleswig-Holstein State...
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