Status of Northvolt’s Quebec Battery Plant Unclear Amid Parent Company’s Bankruptcy

Status of Northvolt’s Quebec Battery Plant Unclear Amid Parent Company’s Bankruptcy
An aerial view of the land being developed by Northvolt in Saint-Basile-le-Grand, east of Montreal, Que., on May 16, 2024. The Canadian Press/Christinne Muschi
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It’s unclear whether Northvolt North America’s electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.

The manufacturer’s Canadian subsidiary says Northvolt AB underwent an “exhaustive effort ... to secure a viable financial and operational future” but was ultimately unsuccessful.