Canadian Prime Minister Justin Trudeau and Quebec Premier François Legault have announced a "historic" project involving Swedish battery giant Northvolt. The project includes the construction of a massive manufacturing facility on Montreal's South Shore, spanning an area equivalent to over 300 football fields. The facility, scheduled for completion by the end of 2026, will have an annual battery cell manufacturing capacity of up to 60 gigawatt-hours, sufficient to power approximately one million electric vehicles annually. The initiative is expected to create around 3,000 jobs but comes at a high cost, with the federal and provincial governments collectively investing $2.7 billion in taxpayer money. Additional production incentives of up to $4.6 billion, with one-third contributed by Quebec, are contingent on similar incentives remaining in place in the U.S. This move is part of Canada's broader push to support the growing electric vehicle industry, with recent investments in Ford, Stellantis-LG, and Volkswagen battery plants. Despite concerns about the substantial public funding involved, experts argue that such financial support is essential for Canada to remain competitive globally in the electric vehicle sector.
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