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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 government of Quebec announced a CAD 1.37 billion (USD 998.53 million) "capital commitment" to support the construction of Northvolt's electric vehicle battery manufacturing ...

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Intervention Details

Intervention Type

Equity stake

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Sep 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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