Quebec is pulling the plug on its support for a battery cell megafactory championed by Sweden’s Northvolt AB, crushing hopes for what was supposed to be the biggest private sector project in the province’s history.

“Today, we are ending our funding of Northvolt in Quebec,” the province’s Economy Minister, Christine Frechette, said in a news release Tuesday. “As the company has not presented a satisfactory plan with respect to Quebec’s interests, we are asserting our rights in order to recover as much of our investment as possible.”

Premier François Legault’s government was not able to strike a deal with Silicon Valley startup Lyten Inc. to carry on the project after Northvolt declared bankruptcy earlier this year. The government said it will now analyze what to do with a 352-megawatt vol

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