Quebec judge declares Northvolt insolvent as province recovers $200 million | NanaimoNewsNOW

Northvolt announced plans in 2023 to build a $7-billion battery “gigafactory” in Quebec, touted as the largest private investment in the province’s history. But the project’s future was thrown into doubt when Northvolt’s Swedish parent company declared bankruptcy in March. Construction on the plant never moved past preparatory stages. Quebec signed an agreement with the…