Canada will not provide additional funding to Northvolt, the government says

Canada will not provide additional funding to Northvolt, the government says

By Divya Rajagopal TORONTO (Reuters) – Canada does not plan to reinvest in Swedish electric car battery maker Northvolt following its bankruptcy filing in the United States on Thursday, the Canadian government said. “Northvolt’s liquidity picture has deteriorated,” the company said in its Chapter 11 filing, filed in US Bankruptcy Court in Houston. Northvolt’s Canadian … Read more