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 North American subsidiary in April to give it time to find new buyers or investors. But the government says Northvolt received no binding offers by a Sept. 1 deadline, and decided to pull the plug on the project.

“Through all the discussions there have been with potential players, there is no hope that the project can be…

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 government.

Northvolt laid off its entire workforce on Thursday following Economy Minister Christine Fréchette’s announcement on Tuesday that the government would…

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 at the request of the Quebec government.

Northvolt laid off its entire workforce on Thursday following Economy Minister Christine Fréchette’s announcement earlier in the week that the government would provide no more funding for the company’s planned electric-vehicle battery plant near Montreal. On Friday, Fréchette’s office confirmed that the province has already recuperated nearly $200 million from frozen bank accounts belonging…