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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent

Global NewsWednesday, September 3, 2025 at 6:37:07 PM
Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent
Quebec has filed a court application to declare a branch of Swedish battery developer Northvolt insolvent. This move aims to recover some losses from a failed electric-vehicle battery project.
Editor’s Note: This situation is significant as it highlights the challenges faced in the electric vehicle sector, particularly in securing reliable partnerships and investments. Quebec's action reflects the province's efforts to mitigate financial losses and ensure accountability in the rapidly evolving battery market.
— Curated by the World Pulse Now AI Editorial System

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