Author: celestamurtagh5
VACUUMSCHMELZE (VAC) and General Motors (GM) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth
Hanau – VAC and GM announced plans for VAC to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in GM’s electric vehicles using Ultium-Platform. The new plant would plan to use locally sourced raw materials. “We are building a resilient and sustainable EV manufacturing value chain in North America from raw materials to components to drive GM’s growth and support a mass market for EVs,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. “Our work with VAC is another bold step forward that will help ensure that we meet ... Read more