Company/Division name | Northvolt |
Parent company | Northvolt |
Type of work | Manufacturing |
Reshoring category: | Nearshoring |
Total number of jobs (added or to be added): | 3000 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2026 |
Capital investment ($): | 5000 |
Country(ies) from which reshored: | Sweden |
City reshored to: | Saint-Basile-le-Grand and McMasterville, Quebec |
State(s) reshored to: | Canada |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | Lithium-ion EV battery |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity, Canada financial support & Quebec investments |