The development of a US$5.2bn EV battery plant in Montreal may take as much as a year-and-a-half longer than deliberate, Canadian broadcaster CBC studies.
The manufacturing facility was being developed on the town’s South Shore by Swedish battery maker Northvolt with a view to starting manufacturing in 2026. Nevertheless, the corporate mentioned in a press release on Saturday {that a} strategic overview would possibly result in a revised timetable.
It added that nothing had been finalised and that the outcomes of the reconsideration have been anticipated within the early autumn. “Within the meantime, engineering and design of the expertise advanced are ongoing, and web site preparation work continues,” the corporate mentioned.
In July, it was reported that Northvolt was reconsidering its growth plans after encountering manufacturing issues at its Ett manufacturing facility within the Swedish metropolis of Skelleftea, close to the Arctic Circle.
Peter Carlsson, Northvolt’s chief govt, advised the Monetary Instances that the corporate was having issue in emulating the efficiency of Chinese language and South Korean battery makers.
One other issue is slower-than-expected development in international demand for EVs. Pierre Fitzgibbon, Quebec’s financial system minister, mentioned on X that consultants anticipated “a interval of stagnation lasting 12 to 18 months”. He added that this might have an effect on to Northvolt’s plans.
Quebec’s provincial authorities pledged US$2.1bn in monetary assist to safe the cope with the Swedish firm final 12 months. In the meantime, the federal authorities dedicated as much as US$1bn in direction of building prices and one other US$2.2bn in different incentives.
Northvolt has three crops within the works, one in Gothenburg, one in Montreal and the opposite in Hamburg.
In July, GCR reported that the manufacturing schedule of the €4.5bn Drei manufacturing facility in Germany, which started building in March, is likely to be reconsidered (see additional studying).
Since its founding in 2016, Northvolt has emerged as a European champion within the new automotive and battery sectors. It plans to have 150GWh of lithium-ion put in capability by 2030.
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Additional studying:
- Manufacturing issues might immediate overview of Northvolt’s €12.6bn gigafactories
- Northvolt to construct $5bn lithium-ion gigafactory in Quebec
- Northvolt completes work on Europe’s largest power storage manufacturing facility
The put up Northvolt might postpone $5bn Quebec battery plant by as much as 18 months appeared first on International Building Assessment.