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. And the 15 percent that was not made in China was made in Japan, primarily, or in Vietnam. government. (E-VAC, E-VAC, too, has touted a supply agreement with General Motors for its future magnets.)
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