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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 that it would provide up to CAD 1.52 billion (USD 1.10 billion) in "production incentives" to Northvolt for electric vehicle (EV) battery produ...

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Intervention Details

Intervention Type

Production subsidy

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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