Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Quebec declares Northvolt Batteries insolvent, seeks to recover $260M loan after funding loss.

flag Quebec's provincial government has declared Northvolt Batteries North America insolvent, aiming to recover a $260 million loan with interest. flag The company, planning an electric-vehicle battery plant near Montreal, had all its employees laid off after losing provincial funding support. flag Quebec already recovered nearly $200 million from the company’s frozen bank accounts. flag The court placed Northvolt under creditor protection, allowing it to rehire 15 employees to maintain the site. flag The provincial government had invested $270 million in Northvolt’s parent company, which declared bankruptcy earlier this year.

10 Articles