📋 Tender Overview
Scope : To Build Battery Gigafactory in Montreal, Canada
Northvolt, Europe’s big battery hope, is building its first gigafactory outside the continent in Canada, taking a $5bn bet on the North American market as well as trying to secure better access to crucial minerals.
The Swedish start-up will start building its fourth large battery factory just outside Montreal later this year, with production due to start in 2026 as it seeks to service customers including Volkswagen, Volvo Cars and BMW in North America.
Northvolt picked Canada mainly because of the renewable energy, the raw materials, the attitude of the government they have found here.
Canada’s government and the local administration in Quebec will each offer $1bn towards the building of the factory, which is expected to employ 3,000 people in its first stage. It will also match the substantial support offered by the US on operating costs. North American support could be worth as much as €8bn per gigafactory.
