"Today's news does not concern the Quebec project. It is the parent company in Sweden that is being placed under protection," Frechette said, emphasizing that operations continue unimpeded.
Pascal Paradis, the spokesperson for the Parti Quebecois, expressed concerns, stating, "Quebec took a significant gamble with Quebecers' money by investing in Northvolt. A failure would have impacts on its future in Quebec."
Yan Cimon, professor of strategy, suggested optimism, noting, "We may expect a more agile, more nimble Northvolt and one with a better chance of success, thanks to the breathing room the bankruptcy process provides."
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