The Globe and Mail reports in its Tuesday edition that the Canadian and Quebec governments will provide financial support worth about half the cost of General Motors' new plant for electric-vehicle battery materials in Becancour, Que., a project now valued at more than $600-million. The Globe's Nicolas Van Praet writes that GM is partnering with South Korean battery materials maker Posco Chemical on a new factory that will produce "cathode active material" for batteries that will power GM's Chevrolet Silverado pickup truck and GMC Hummer EV, part of an effort to produce one million electric vehicles in North America by the end of 2025. Cathode material, made up of components such as processed nickel and lithium, makes up about 40 per cent of the cost of a battery. The Globe says Quebec is providing a loan to help finance the plan worth $152-million, partly forgivable if employment is maintained over a decade. The Globe says Ottawa will contribute up to $147-million through the Strategic Innovation Fund's Net Zero Accelerator initiative. The plant is currently under construction. It is the most advanced of what are expected to be several subsequent projects by auto and battery materials makers in Becancour.