Northvolt to Build $7B Battery Factory Near Montreal, Includes Government Money

Northvolt to Build $7B Battery Factory Near Montreal, Includes Government Money
Prime Minister Justin Trudeau arrives for a cabinet swearing-in ceremony at Rideau Hall in Ottawa on July 26, 2023. The Canadian Press/Justin Tang
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Swedish manufacturer Northvolt says it will build a $7 billion gigafactory for electric vehicle batteries near Montreal that it claims will represent the largest private investment in Quebec’s history.

On hand at the unveiling in Montreal, Prime Minister Justin Trudeau said the investment would help build the economy of the future.