Swedish battery cell manufacturer Northvolt and its subsidiary Cuberg are reportedly eyeing Canada as a potential location for a new factory, according to a recent media report. While many details have yet to be released, the companies have apparently shortlisted two possible locations: Saint-Basile-Le-Grand and McMasterville in Quebec. The production capacity and timetable for the new facility remain unknown.
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The potential move to North America may be due in part to available subsidies. Northvolt CEO Peter Carlsson had previously warned that the company’s factory in Heide, Germany could face delays due to economic concerns. He stated that “with current electricity prices, we see the economic viability of energy-intensive projects in Germany at risk.” Nicolas Steinbacher, Head of Strategy & Programme at Northvolt Germany, echoed these concerns at a recent conference, noting that Europe must work to establish an industrial electricity price to remain competitive in the industry.
Northvolt is reportedly exploring the possibility of constructing and operating a battery production facility in North America, and has engaged in dialogue with the Canadian federal government. According to Electric Autonomy Canada, the company is specifically considering locations in Quebec, and has not yet registered any lobbying efforts in other Canadian provinces. The two locations under consideration are roughly 30 minutes east of Montreal, and currently lack EV supply chain companies.
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While Northvolt has not yet commented on the report, a spokesperson for Canada’s industry minister stated that the government is working to attract companies to the country’s auto industry, and is pleased to see the global shift towards electric vehicles gaining momentum.
