Swedish electric vehicle battery maker Northvolt has signalled possible delays in building its Quebec plant, saying a strategic review has highlighted challenges in the current economic climate.
Last September, Northvolt announced plans to build an electric vehicle battery manufacturing facility on Montreal’s south shore, with the federal and Quebec governments pledging billions in subsidies for the project. However, the company says the timeline for this project may be revised following a strategic review that began in July, which is focusing on constructing a new lithium-ion battery gigafactory in Sweden.
