After billions in state aid, the battery company Northvolt is now entitled to a special agreement on local taxes. • Also read: The CEO of Northvolt is trying to calm down in the face of the slowdown in the US industry • Also read: “It is certain that it represents an economic risk,” recognizes the … [Read more…]
Cuberg, a California subsidiary of Northvolt that specializes in producing batteries for the electric aerospace industry, may choose to locate its future manufacturing operations in Quebec. At least that’s what the co-founder of Northvolt and President of Northvolt North America, Paolo Cerruti, said on Tuesday on the sidelines of his appearance at the podium of … [Read more…]
While acknowledging the slowdown the electric battery industry in the United States is currently experiencing, Northvolt North America’s CEO sought to reassure Tuesday about the long-term viability of his mega-factory project on the coast – south of Montreal. • Also read: Battery sector: “It is certain that it represents an economic risk,” acknowledges the CEO … [Read more…]
After the $1.37 billion in all kinds of aid from the Quebec government, it is now the turn of the Caisse de dépôt etplacement (CDPQ) to invest $200 million in equity in Northvolt. “The battery value chain is of great interest to CDPQ as not only will it have a positive impact on the energy … [Read more…]
Northvolt, into which Quebec has poured $1.37 billion in public subsidies of all kinds, is facing a Bureau of Public Hearings on the Environment (BAPE) for part of its mega-factory project related to battery recycling, but says that he welcomes the message. “With our arrival in Quebec, we commit to respecting all environmental laws and … [Read more…]