Quebec Ends Funding for Northvolt Battery Factory

Quebec Ends Support for Northvolt’s EV Battery Factory, Loses $270M

Quebec’s government is stopping funds for a proposed Northvolt electric vehicle (EV) battery mega factory in the Montérégie region near Montreal. According to Quebec’s Economy Minister Christine Fréchette, the decision was made after Northvolt Batteries North America didn’t provide an acceptable plan for the Northvolt Six plant, which was scheduled to begin producing batteries next year and ramping up to making enough for one million EVs per yea…

Quebec government ends funding for Northvolt battery project

The province has already lost $270 million on its investment in Northvolt, while Canadian pension funds also lost money from the company's bankruptcy

Quebec pulls plug on Northvolt battery factory

The Quebec government is ending its funding of a $7-billion electric-vehicle battery project near Montreal and trying to recoup some of its investment.

Quebec ends funding for Northvolt battery factory after losing $270M investment

The Quebec government is pulling the plug on a $7-billion electric-vehicle battery project near Montreal and trying to recoup some of its investment.

Quebec ends funding for Northvolt battery factory - Montreal

Economy Minister Christine Fréchette says the government made its decision after the company failed to produce an acceptable plan for Quebecers.

Quebec to end funding for planned Northvolt battery factory

Quebec’s government has spent $510-million on the project, losing a $270-million investment after Northvolt’s parent company filed for bankruptcy