Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent

The Quebec government has filed a motion in Quebec Superior Court to have the North American branch of Swedish battery manufacturer Northvolt declared insolvent. This move is part of the province's efforts to recover some of the more than $260 million it has lost in a failed electric-vehicle battery project. The motion underlines the financial difficulties faced by the company and its significant debts. This legal action reflects Quebec's strategy to address its financial exposure related to Northvolt's operations.