Northvolt's planned $7B EV battery plant has Quebec premier taking heat
Opposition leaders at the Quebec legislature on Sept .24 called on the Coalition Avenir Québec government to be more transparent about its agreement with Northvolt for the $7-billion project. They want to know what conditions are attached to the $710 million in public funds the province has already committed.
Quebec premier taking heat over $7-billion Northvolt battery plant
The Quebec government has given Northvolt a $240-million guaranteed loan to help the company buy land about 30 kilometres east of Montreal to build its plant. The government has invested a further $270 million in Swedish parent company Northvolt AB, alongside a $200-million investment from Quebec’s pension fund manager.
Even though Northvolt is experiencing financial difficulty, the Legault government is convinced that the Montérégie battery plant will go ahead, but it is opening the door to the possibility of ...
last year, one of half a dozen battery plants worth tens of billions of dollars slated for Quebec and Ontario by major global auto and battery players. Governments aim to turn Canada into a top ...
The Legault government will meet with the Swedish ambassador on Wednesday, as Swedish company Northvolt faces financial ...
Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in ...
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