Thursday, September 5, 2024

Portents: Sweden's Northvolt may postpone $5bn Quebec battery plant by up to 18 months

From Global Construction Review, September 2:

The construction of a US$5.2bn EV battery plant in Montreal could take up to a year-and-a-half longer than planned, Canadian broadcaster CBC reports.

The factory was being developed on the city’s South Shore by Swedish battery maker Northvolt with a view to beginning production in 2026. However, the company said in a statement on Saturday that a strategic review might lead to a revised timetable.

It added that nothing had been finalised and that the results of the reconsideration were expected in the early autumn. “In the meantime, engineering and design of the technology complex are ongoing, and site preparation work continues,” the company said....