To curb reliance on China GM Stellantis invest in EV magnet startup

DETROIT, Michigan: As part of a plan to develop electric vehicle (EV) magnets without rare earths, as the auto sector aims to reduce its reliance on China, this week, General Motors (GM) and Stellantis said they would invest in the startup, Niron Magnetics. The two automakers joined Minneapolis-based Niron’s latest…Read More

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