US firm Lyten acquires assets of bankrupt European battery maker Northvolt

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• 00:00

  Hello and welcome to World Business Report on the BBC World Service.

• 00:05

  Will Bain with you today.

• 00:06

  Great as always to have your company on the programme.

• 00:08

  Today, a new life for what was once Europe's great electric battery hope.

• 00:13

  We'll hear why a Silicon Valley firm has bought Sweden's North Vault's assets out of bankruptcy and ask,

• 00:19

  with China so dominant in battery technology, can a start-up like this really compete?

• 00:25

  Also today, Africa's first female president, Liberia's Ellen Johnson Sirleaf,

• 00:29

  tells us it's time for the continent's vast commodities wealth to make more of an impact at home.

• 00:35

  All African leaders are saying it's time that with our natural resources,

• 00:41

  that we have a different vision.

• 00:43

  And a crisis in the French mountains.

• 00:46

  So the products that were sold was called natural mineral water.

• 00:50

  But what people were really drinking was not that natural at all.

• 00:54

  Yeah, we'll have more on why some of the biggest names in mineral water,

• 00:58

  from Evian to Perrier, are facing a new fight against climate change.

• 01:02

  All that to come here on World Business Report over the next half hour.

• 01:06

  We're going to start though.

• 01:07

  Talking electric batteries, it's a sector seen as critical to the future of all our economies,

• 01:12

  whether it be to store power from renewable energy to use in our power grids or to provide the power to drive our electric cars.

• 01:20

  There has been an increasingly feverish race as a result to try and lead the way in this still relatively new technology.

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