Remove Commercial Remove Fort Worth Remove Industry Remove Tax
article thumbnail

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. What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials. The majority of EV traction motors use rare earth magnets. And it has customers.

Supplies 103
article thumbnail

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

Baua Electric

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials. Approximately 90% of electrified vehicle traction motors use rare earth magnets.

article thumbnail

US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Team partners will purchase a total of 191 commercially available light- to heavy-duty alternative-fuel and advanced-technology vehicles. The project will deploy refueling stations and alternative fuel vehicles in the Dallas-Fort Worth area. The project also includes construction of a B20 station. Total DOE award: $14,983,167.