Ottawa Seeking Buyer for Quebec Battery Plant as Parent Company Goes Under

Ottawa Seeking Buyer for Quebec Battery Plant as Parent Company Goes Under
The entrance to Northvolt, the new EV battery plant being built by the Swedish manufacturer in Saint-Basile-le-Grand, east of Montreal, on May 16, 2024. Christinne Muschi/The Canadian Press
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Ottawa is looking for a buyer to take over a large electric vehicle battery plant project in Quebec after its Swedish parent company filed for bankruptcy.

“We’re having discussions in the background to see if we can find a party that is interested in taking over the factory,” then-Industry Minister François-Philippe Champagne said during an unrelated press conference in Ottawa on March 12.