The Quebec government says it is ending funding for Northvolt’s planned battery plant in the province’s Montérégie region.
Economy Minister Christine Fréchette says the government made its decision after the company failed to produce an acceptable plan for Quebecers.
The government has spent $510 million on the project, and has lost a $270-million investment made in Northvolt’s Swedish parent company before it filed for bankruptcy in March.
Get daily National news
Quebec hopes to recover a $240-million guaranteed loan issued to purchase the land for the plant.
The American company Lyten last month announced it hoped to purchase control of the Northvolt battery project in Quebec and said it was in discussions with the federal and provincial governments.
Fréchette says the failure of the project does not spell the end for Quebec’s battery industry.
This report by The Canadian Press was first published Sept. 2, 2025.
- Veterans Affairs demands repayment of some benefits; process shocks veterans’ advocates
- Air Transat to begin cancelling flights Monday. What you need to know
- Will U.S. restart stalled trade talks with Canada? ‘We’ll see,’ says Trump
- Air Transat pilots gear up for strike as union issues 72-hour notice
Comments