QUEBEC GIGABATTERY PLANT EXPANDS CANADA’S EV FOOTPRINT
October 23rd, 2023
A third major electric (EV) battery plant will be built in Canada – this time in Québec, just east of Montréal, rather than Ontario - being run by Sweden-based Northvolt, with 60GWh of annual cell manufacturing capacity. It may not be the last EV major supply chain investment in the country, say industry leaders.
The USD5 billion (Canadian dollars CAD7 billion) project will once again attract significant subsidies, with the federal government contributing CAD1.34 billion and the Québec provincial government spending CAD1.37 billion – both around USD1 ...
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