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

Green Car Congress

Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. 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.

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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

Green Car Congress

Next-generation electric motor company Linear Labs (LL) closed a $4.5-million LL was established in 2013 after developing an entirely new methodology in the construction of electric motor and generator technologies that create more power while using less energy. This sets the LL Motor apart from conventional electric machines.

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

Green Car Congress

has been awarded a $35-million contract through the US Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy rare earth elements (HREE) at Mountain Pass. MP Materials Corp. Earlier post.). Earlier post.). Earlier post.). Earlier post.).

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Walmart to buy 4,500 Canoo electric delivery vehicles; option for up to 10,000

Green Car Congress

While the LDV is expected to begin hitting the road in 2023, the companies plan to kick-off advanced deliveries to refine and finalize vehicle configuration in the Dallas Fort Worth metroplex in the coming weeks. Canoo anticipates starting production of the Lifestyle Delivery Vehicles beginning in Q4, 2022.

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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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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

But the ultimate goal is for VinFast to become a globally recognized EV manufacturer offering competitively priced vehicles. James, New York), Principle VinFast Grapevine (Grapevine, Texas), Hiley VinFast of Fort Worth (Fort Worth, Texas), and VinFast Wichita (Wichita, Kansas). But it’s plotting to expand its U.S.

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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. Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. Electric motors work on the principle of electromagnetic motion.

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