Announcement
28 Sep 2023
In September 2023, the federal government of Canada and the government of Quebec announced over CAD 7 billion in total in state aid to support Northvolt's manufacturing plant in Quebec.
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Number of interventions
6
4 certainly harmful
0 likely harmful
2 liberalising
List of interventions
6 in force
Implementation date
28 Sep 2023
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
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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Capital injection and equity stakes (including bailouts)
In force
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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Production subsidy
In force
On 28 September 2023, the federal government announced that it would provide up to CAD 3.036 billion (USD 2.21 billion) in "production incentives" to Northvolt for electric vehicle (EV) battery produc...
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Production subsidy
In force
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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Implementation date
28 Sep 2023
Revocation date:
No revocation date
FDI: Financial incentive
In force
On 28 September 2023, the government of Quebec announced that it had provided CAD 2.52 billion (USD 1.85 billion) to Northvolt for electric vehicle (EV) battery production in Quebec. This government p...
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FDI: Financial incentive
In force
On 28 September 2023, the government of Canada announced that it had provided CAD 4.38 billion (USD 3.21 billion) to Northvolt for electric vehicle (EV) battery production in Quebec. This government p...
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