Northvolt, the Swedish battery manufacturer, has stated food in Sweden 7 billion dollars.

The company said in the media outlay that the decision to declare bankruptcy was made to study all available means to ensure a viable financial and operational future for the company.

Northvolt has “experienced a number of difficult challenges in recent months, which has decomposed its financial situation, including increasing capital expenditures, geopolitical instability, market demand shift.”

The company says her North American actions are solvent.

The guardian appointed by the court is now determined the future of business and assets of the North Annex, including technologies and production facilities, reports.

It was immediately clear how the bankruptcy of the company would affect the future of $ 7 billion electric electric vehicles NorthVolt builds the southern coast of Montreal on the southern coast of Montreal.

In 2023, Quebec's government Funding promised $ 2.9 billion To ensure the transaction NorthvoltTo build a number of factory, Ottawa made up to $ 1.34 billion, and other $ 3 billion in other incentives.

So far Quebec's government has invested $ 270 million In the project and Provincial Retirement Investor, Caisse de Dépôt et Placement du Québec (CDPQ), also invested $ 200 million.

KVEBEK Economy Minister Christine Frychet said in the post in X that the government was disappointed with the situation, but said they appreciated their options. He previously said that the bankruptcy application of the North -volt will not affect the Quebec battery plant.

“Our desire is that the controller will start looking for a buyer who will restore all North America's actions and restore the Monteregian project,” he wrote.

Despite the bankruptcy of North America's North American, the subsidiary of the Swedish company said that the media outlet said that it remains solvent and satisfies its obligations and meets its obligations.

The Swedish government noted that he can walk to support the company.