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Charged EVs | Lyten to acquire lithium-metal battery manufacturing assets from Cuberg

Dr.Ev by Dr.Ev
12/28/2024
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San Jose-headquartered Lyten, a manufacturer of advanced materials and sulfur-lithium batteries, plans to acquire manufacturing assets from San Leandro-headquartered Cuberg, including its lithium-metal battery manufacturing facility and cell-making equipment. 

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Lyten plans to convert the facility to lithium-sulfur battery production and to invest up to $20 million in 2025 to expand its full Bay Area production capacity to as much as 200 MWh. Commercial production at San Leandro is intended to begin in the second half of 2025. This follows plans announced in October to build a 10 GWh lithium-sulfur gigafactory in Nevada by 2027.

According to Lyten, its high-energy-density lithium-sulfur cells enable up to 40% lighter weight than lithium-ion and 60% lighter weight than lithium iron phosphate batteries. And because they are made with abundantly available local materials, eliminating the need for such mined minerals as nickel, cobalt, manganese and graphite, they can be produced at lower cost at scale.

“The acquisition of additional manufacturing capacity for lithium-sulfur is in direct response to fulfilling customer demand more quickly,” said Lyten CEO and co-founder Dan Cook. “Our customer pipeline has grown ninefold since the start of 2024 and now numbers in the hundreds of potential customers. We are now working to allocate capacity from both San Leandro and our previously announced Reno gigafactory.”

Source: Lyten





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Tags: acquireassetsBatteryChargedCubergEVslithiummetalLytenManufacturing
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