Fort Worth is positioning itself to be a dominant force in the electric vehicle industry.

Several companies have already picked the city to start EV-related tech and manufacturing operations, helping to make it a significant industry hub. Fort Worth’s strategic location, business-friendly environment, and skilled workforce all played a factor in making the city an attractive locale, NBC 5 News reported.

Fort Worth has been standing out recently in terms of business growth and development, especially when compared to Dallas, which has seen its share of criticism over its slow permitting process and burdensome building regulations.

One company making substantial capital investments in Cowtown is MP Materials, which mines minerals in California that are necessary for EV production.

“They are doing the actual mining of the components to create the magnets that go into the battery. So, you really can’t have EV production without those magnets,” said Fort Worth Economic Development Director Robert Sturns, according to NBC 5.

The company is building a manufacturing plant in North Fort Worth.

Sen. Ted Cruz (R-TX) called MP Materials’ investment “significant and important” with regards to eventually ending the United States’ reliance on China for “rare earth elements and critical minerals across the entire supply chain.”

“I’m deeply proud of the role Texas is playing in these projects,” Cruz said in a statement.

Matt Sloustcher, senior vice president of communications and policy at MP Materials, told The Dallas Express that local leadership deserves some of the credit.

“Leadership at the city and county … recognize the importance of this project and the need to move forward expeditiously. We also value the supportive community, talented workforce, and excellent community college and university system,” he said.

While Sloustcher prefers to leave EV projections to auto analysts, he did tell The Dallas Express that “demand for rare earth magnets is expected to grow three to four-fold over the next decade, driven by EVs, robotics, renewable energy, and other advanced technologies.”

Another company building out operations in Fort Worth is Junchuang North America Inc (JNCA), the U.S. division of China-based Suzhou Junchuang Auto Technologies.

“The city’s commitment to supporting technological advancements and sustainable solutions aligns perfectly with our vision,” said Vinson Yang, president and CEO of JNCA, according to a press release.

“We are excited to establish our presence here and contribute to the growth of the local economy,” Yang added.

JNCA secured a 55,000-square-foot manufacturing facility at 46 Ranch Logistics Park in southern Fort Worth. The $21 million facility will be dedicated to researching and developing cutting-edge tech solutions that benefit the EV market, such as creating molds and inserts for EV battery systems. Once the facility is up and running, the company expects to generate more than 120 EV-related jobs.

“We are thrilled that Junchuang North American, Inc. is expanding to Fort Worth,” said Robert Allen, CEO of the Fort Worth Economic Development Partnership, per the press release.

“Our collaborative efforts with the City of Fort Worth’s Economic Development team and Stream Realty have helped pave the way for this significant investment, which will enhance our region’s manufacturing capabilities and create high-quality jobs,” he continued.

Sturns suggested that this could just be the beginning, noting that EV sales shot up by roughly 60% year over year.

“I think it’s really an unlimited growth path when you talk about these companies and what they can end up doing … for Fort Worth,” said Sturns, according to NBC 5. “Very excited about what it means for Texas.”