Advanced Magnet Manufacturing Begins in the United States
Cars That Think
FEBRUARY 9, 2025
To build the US $500 million factory, the company secured $335 million in outside funds, including at least $100 million from the U.S. federal agents arrested three of the companys top executives , charging them with passing off Chinese-made magnets as locally produced and giving confidential U.S. military data to Chinese agencies.
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