March 8, 2022—General Motors on Monday said it is partnering with POSCO Chemical to build a new EV facility in Quebec.

The factory will cost about $400 million to build according to a report from the Detroit Free Press. Once completed in 2024, the plant will create around 200 new jobs and will "eventually feed critical battery materials" to other GM facilities in the U.S.

“GM and our supplier partners are creating a new, more secure and more sustainable ecosystem for EVs, built on a foundation of North American resources, technology and manufacturing expertise,” GM executive Doug Parks said in a statement.

Per the report, the facility will produce cathode active material for GM's Ultium batteries. Comprised of nickel, lithium and other raw minerals, the material is a key ingredient in a battery cell.