Northvolt endures bomb scare at Quebec battery plant site

Date:

“Thank God it didn’t work,” the CEO said. It was done with “the clear intention of injuring our workers and presumably slowing down our operations,” he said.

Northvolt temporarily suspended work on the $7 billion project which is entering a stage to build roads and sewers on the 170-hectare site. The plant is to start production by late 2026 to make 60 gigawatt-hours of batteries a year, enough to power 1 million vehicles, according to the company.

Quebec strategy

Quebec, with government funding, pro-mining policies and marketing, is vying with Ontario to supply leading automakers with the battery metals they need for electric vehicles. Canada is targeting all vehicles sold by 2035 to be zero-emission. The town of Bécancour near Trois Rivières has Ford’s $1.2 billion proposed battery materials plant and General Motors’ $600 million planned cathode facility. They’re linked by highway and the St. Lawrence Seaway…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...