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.
- ‘Local Governance 101’ Okanagan community’s first-ever council trains ahead of inaugural meeting
- Family of soldier badly burned at CFB Wainwright speaks about his injuries
- As B.C. scraps time change, experts have a warning about the risks
- B.C. soldier burned in CFB Wainwright fire remains in Edmonton ICU
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.
Comments
Want to discuss? Please read our Commenting Policy first.