US Edition
Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent
- On September 3, 2025, Quebec filed a court application to declare Northvolt's North American branch insolvent in Montreal.
- The legal move followed a deteriorating relationship and the government’s decision to cancel the $7-billion battery plant project.
- Quebec seeks to recoup losses by withdrawing nearly $200 million from frozen Northvolt accounts and authorizing land sale or repossession.
- Northvolt currently has a debt exceeding $260 million to the Quebec government tied to financing the land purchase for its proposed battery manufacturing facility near Montreal.
- This action signals Quebec’s intent to recover public funds after pulling support from the failed electric-vehicle battery project.
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15 Articles
15 Articles
Quebec loses $270 million, abandons Northvolt battery factory
After two years and $510 million dollars, Quebec withdraws its support of Northvolt’s $7-billion battery factory in the province Quebec and Northvolt are parting ways after the province announced it was ending its funding for a planned $7-billion factory and taking a $270-million loss from its total $510-million investment. It’s been a rocky few years for both Quebec and Northvolt since the joint announcement in September, 2023 that the Swedish …
Coverage Details
Total News Sources15
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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