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Quebec premier under pressure over $7-billion Northvolt battery plant | CityNews Montreal
City News Montreal09.24.2024

Photo: City News Montreal
TL;DR
Quebec Premier is under pressure to provide $7 billion in financial help for the construction of a Northvolt battery plant in Quebec. The plant would be the largest battery factory in Canada and would cost around $7 billion in total. The Quebec government is being asked to invest $4.5 billion in loans and $2.5 billion in equity for the project, which would help Quebec secure its role in the growing electric vehicle market.
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