Global Trade Alert
Global Trade Alert

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

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. 

Source

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Number of interventions

6

4 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

28 Sep 2023

Revocation date:

No revocation date

Announced: 28 Sep 2023
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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Announced: 28 Sep 2023
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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Implementation date

28 Sep 2023

Revocation date:

No revocation date

Announced: 28 Sep 2023
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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Announced: 28 Sep 2023
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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Announced: 28 Sep 2023
Equity stake 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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Announced: 28 Sep 2023
Equity stake 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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