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- Swedish lithium-ion battery manufacturer Northvolt today announced that it will establish a fully integrated lithium-ion battery gigafactory near Montreal, Quebec.
Construction of the first 30 GWh phase of the project, established to bring sustainable batteries to North America, is due to commence before the end of 2023 and the first operations are set to begin in 2026. “It is developed with strong support from the Government of Canada and the Government of Quebec and will represent the largest private investment in Quebec's history,” Northvolt said in a press release.
The company said that the selection of the 170-hectare site for Northvolt Six in McMasterville and Saint-Basile-le-Grand just outside the city of Montréal was made after an “extensive review” of locations in North America.
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Sweden's Northvolt to build $5.2 billion battery factory in CanadaSwedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. The first phase will provide 30 gigawatt hours (GWh) of production capacity, before eventually expanding to 60 GWh with investments approaching $9 billion, said Cerruti, who will lead the project as CEO of Northvolt North America.
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Quebec earmarks more than $1-billion for Northvolt EV battery plant outside MontrealThe investment marks one of the biggest bets by Quebec Premier François Legault’s government in its five years in power
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Northvolt Gets Billions From Canada to Build Quebec EV Battery PlantSweden’s Northvolt AB said clean power and access to critical raw materials alongside generous subsidies swayed its decision to pick a site close to Montreal for its first electric vehicle battery plant in North America.
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Canada pledges billions to Northvolt to build Quebec EV battery plantEV battery\u002Dmaker Northvolt said generous subsidies among reasons it picked Quebec for its first plant in North America. Read more here.
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Canada pledges billions to Northvolt to build Quebec EV battery plantEV battery\u002Dmaker Northvolt said generous subsidies among reasons it picked Quebec for its first plant in North America. Read more here.
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Northvolt to build $7B battery factory near Montreal, includes government moneyMONTREAL — 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.
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