Quebec Government Says It Has Recovered $200 Million From Northvolt Loan

Signage is seen at the entrance to the Northvolt plant, dubbed Northvolt Six, in Saint-Basile-le-Grande, Que., on March 27, 2025. The Canadian Press/Christinne Muschi

The Quebec government says it has recovered nearly $200 million on its loan to the North American branch of battery maker Northvolt.

The money comes from bank accounts belonging to Northvolt that were frozen after its Swedish parent company declared bankruptcy in March.