The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt.

Quebec filed the court application in an attempt to recoup some of the province’s losses on a failed electric-vehicle battery project.

The province says Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.

Related: • Quebec terminates Northvolt funding, wants to recover $510M • Northvolt assets in Sweden, Germany sold to a U.S. company

The government wants to withdraw nearly $200 million from frozen accounts belonging to Northvolt to pay down the debt, and wants the court to authorize a process for the sale or repossession of the land.

Quebe

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