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Northvolt, Northvolt, plans to build a $ 7 billion factory in Quebec, announced bankruptcy in Sweden.
The company was released in the media, the decision to announce the bankruptcy “a favorable effort to investigate the future of the company to ensure the future of operation.”
Northvolt “In recent months” Capital expenditures, geopolitical instability, a detrimination of the subsequent supply chain, and the violation of the supply chain of the supply and turns the financial situation with the turns of the supply and turns. “
The company says its northern American operations are decisive.
The company said that a guardians appointed by the court will determine the future of northern jobs and assets, including technology and production facilities.
The company’s bankruptcy was not immediately clean, the mass of the $ 7 billion electric vehicle battery plant was not immediately clean and is being built in Montérégie on the southern coast of Montreue.
Government of Quebec in 2023 Funded $ 2.9 billion pledged to ensure the contract with Northerly. To build an Ottawa plant, up to $ 1.34 billion and the other $ 3 billion encouraged.
So far, Quebec government invested $ 270 million In the project and the year retirement investor, Caiz de dépôt and placement du québec (CDPQ) has invested $ 200 million.
Quebec Economy Minister Christine Fréchette, XX said that the government was disappointed in the situation, but said they appreciated their choices. Previously, Northvolt’s bankruptcy documents will not affect the Quebec battery plant, he said.
“We will begin to look for a buyer who will be able to capture all North American activities and invest in all North American activities and invests for the Project of Montérégie,” he said.
Despite the bankruptcy of the Northvolt’s company in Sweden, a subsidiary of the Swedish company Northvolt, a branch of North America, said that a media intends to fulfill their obligations and fulfill its financial liabilities.
The Swedish government said he could step to support the company.
