MONTREAL — Swedish manufacturer Northvolt says it will build a $7 billion gigafactory for electric vehicle batteries near Montreal that it says will represent the largest private investment in Quebec's history.
The 170-hectare site in McMasterville and Saint-Basile-le-Grand, Que., will have initial capacity to produce about 30 gigawatthours of annual cell manufacturing when it goes into production in 2026.
It says it plans to later double the production capacity, but did not say how much it expects the expansion to cost.It says the plant site will also include facilities for cathode active material production and battery recycling.
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