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STOCKHOLM/TORONTO: Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country. The first phase of the construction o
By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO (Reuters) - Swedish lithium-ion battery producer Northvolt said on Thursday it would open ...
STOCKHOLM/TORONTO : Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country.The first phase of the construction
The first phase will provide 30 gigawatt hours (GWh) of production capacity, before eventually expanding to 60 GWh with investments approaching USD 9 billion, said Cerruti, who will lead the project as CEO of Northvolt North America.
Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. The first phase will provide 30 gigawatt hours (GWh) of production capacity, before