General Motors has announced that they're building a new cathode factory in North America for its electric vehicle batteries. The factory will be built in partnership with South Korea’s Posco Chemical and it will process cathode active material (CAM), which represents about 40 percent of the cost of an EV battery cell.

The new cathode facility will supply battery materials to the two factories that are currently under construction: the Ultium Cells facilities in Lordstown, Ohio, and Spring Hill, Tennessee. GM is also planning to build two more cell facilities by mid-decade.