DETROIT – General Motors will build a new factory in Quebec, Canada, as part of a joint venture with a South Korean chemical maker that will be key to Michigan’s future building electric vehicles.
On Monday, GM and POSCO Chemical said they are working with the governments of Canada and Quebec to build a new factory in Bécancour, Quebec, which is about midway between Montreal and Quebec City.
Construction of the new factory, which will begin immediately, will cost about $400 million ($500 million Canadian). It will create 200 jobs once it’s operating in 2024, GM said. It will eventually feed critical battery materials to several U.S. battery plants, including one to be built in Lansing.
“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,” Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain, said in a statement.
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