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Canada: Federal and Quebec governments announce over CAD 7 billion in state aid for Northvolt's battery plant

Description

On 28 September 2023, the federal government announced a CAD 1.34 billion (USD 976.66 million) "capital commitment" to support the construction of Northvolt's electric vehicle battery manufacturing fa...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Sep 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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