Quebec judge declares Northvolt insolvent as province recovers $200 million | GX94 Radio – Now That’s Country!

MONTREAL — A Quebec Superior Court judge has declared insolvent the North American branch of battery maker Northvolt as the provincial government looks to recover $260 million owed to it by the company. Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a request earlier in the week from the…

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

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…