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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. It is known for its heat-resistant properties and is added to lithium-ion battery cathodes to improve energy density and battery longevity.

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HET motor company Linear Labs raises $6M in new funding

Green Car Congress

million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility. The 200 series motors are also 1.7 The 200 series motors are also 1.7 The new capital comes shortly after Linear Labs’ $68.9

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. Neodymium-iron-boron (NdFeB) magnets are critical inputs that enable electric motors to transform electricity into motion.

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Earlier post.)

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US DOD awards MP Materials $35M heavy rare earth processing contract

Green Car Congress

It will also enable the company to recycle all recoverable rare earths from end-of-life magnets and magnet production scrap, increasing the resiliency and environmental sustainability of the domestic supply base. Earlier post.). Earlier post.). MP Materials’ operations provide certainty of US provenance and sustainability.

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Rivian’s 2nd plant most likely to land in Georgia, stock responds

Teslarati

Fort Worth, Texas was seemingly the front runner for the facility after the City’s Economic Development Department gave a presentation to City Council members that showed economic advantages to welcoming Rivian to the area. As a result of Kemp’s push, SK Battery America will build a $2.6

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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation

Charged EVs

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. The majority of EV traction motors use rare earth magnets. There’s much hand-wringing in the press these days about battery raw materials such as lithium, cobalt and nickel. Electric motors work on the principle of electromagnetic motion.

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