The Quebec government says Northvolt owes more than $260-million on a government loan and wants to withdraw nearly $200-million from frozen accounts to pay down the debt.Christinne Muschi/The Canadian Press
The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the court to launch creditor…