Northvolt has announced plans to open a lithium-ion battery gigafactory in Canada. The battery developer and manufacturer is calling the new facility Northvolt Six, and the new plant will have an annual cell production capacity of 60 GWh. In addition, nearby facilities will be used for the production of cathode active materials and recycling. The project will require a $5 billion investment and will generate 3,000 new jobs for the surrounding area. Northvolt will receive financial assistance from the governments of Canada and Quebec to help get the project off the ground. The first batteries from the new plant are expected to be delivered in 2026.
In a recent quote, Paolo Cerruti, co-founder of Northvolt, said “The potential of Northvolt Six is enormous, not only to rapidly develop our capacity to deliver sustainable batteries to the North American market, but also to accelerate the emergence of Quebec as a key player in the global energy transition. With its unique access to 100% renewable energy and raw materials, we consider Quebec to be the ideal base of operations for Northvolt's first gigafactory outside of Europe. We look forward to collaborating with all local stakeholders and the province, to make Northvolt Six an example of sustainable investment.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.