Northvolt declares bankruptcy in Sweden, raising concerns about Quebec battery plant's future | CBC News

Northvolt, a battery manufacturer, has declared bankruptcy, impacting plans for a massive facility in Quebec. The company faced challenges in securing financing and meeting project timelines, which led to its inability to proceed. This situation raises concerns for Quebec's ambitions in the electric vehicle sector, as Northvolt's facility was expected to play a key role in boosting local production and sustainability efforts. The government and industry officials are now looking for alternatives to maintain momentum in the clean energy transition.