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flag Swedish battery firm Northvolt's bankruptcy threatens a $7B Quebec project, affecting 5,000 jobs.

flag Swedish battery maker Northvolt filed for bankruptcy, affecting its $7-billion project in Quebec. flag Despite financial troubles, including rising costs and market shifts, Northvolt's North American unit remains solvent. flag Quebec has lost $270 million in backing, while the project's future is uncertain. flag A court trustee will oversee Northvolt's assets and operations. flag The bankruptcy impacts Europe's ambitions to compete with Asian battery makers.

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