STOCKHOLM/TORONTO: Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country.
The first phase will provide 30 gigawatt hours of production capacity, before eventually expanding to 60 GWh with investments approaching US$9 billion, said Cerruti, who will lead the project as CEO of Northvolt North America. "We looked at 70 different sites at the beginning of this process," Cerruti said."We were also looking at the United States but eventually Canada made it for the first factory."
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