Login

Northvolt's bankruptcy filing involves large battery factory underway in Quebec

Swedish company says government-backed project still on track
A rendering of a Northvolt gigafactory south of Montreal. (Northvolt)
A rendering of a Northvolt gigafactory south of Montreal. (Northvolt)
CoStar News
November 25, 2024 | 7:42 P.M.

The government investment in Quebec's electric vehicle battery industry and future of Northvolt's facility underway near Montreal has hit a wrinkle as the Swedish company has filed for bankruptcy in the United States. Its CEO, Peter Carlsson, has also resigned.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE