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GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.
The Auto Wire on MSN3d
GM Flexes Its Rare-Earth MusclesGM is sitting pretty these days when it comes to rare-earth minerals access compared to other automakers. It might be a ...
CEO Jim Farley made the comment in an interview with Bloomberg News. China controls more than 90% of global rare earth ...
And GM has no plans to curtail its use of permanent magnets made from rare earth minerals. The company recently inked a deal with Nevada-based MP Materials to source rare earth materials ...
With China granting rare earth export licenses to GM, Ford, and Stellantis (NYSE:STLA) but not to Tesla (NASDAQ:TSLA), questions are mounting over whether Tesla is being deliberately targeted amid ...
Nearly 40 years ago, General Motors invented the rare-earth magnet and thus laid the foundation for modern electric motors. But now the automaker is moving on to a different technology.
According to a Monday (June 17) release, Bennethum brings extensive expertise from her tenure at GM, where she worked to ensure secure supply of key EV materials, including rare earths and ...
Hyundai Motor Co. (KRX: 005380) has secured a strategic advantage in the global automotive supply chain crisis by maintaining approximately one year of rare earth mineral stockpiles, positioning the ...
The 90-day pause in the US-China trade war brought relief to global markets. But while the trade truce is good news, rare earth elements have steadily emerged as a new flashpoint. Beijing’s dominance ...
Rare earth elements are used to produce magnets ... technological performance — gets taken off the table as a unique advantage.
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