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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. This strategic collaboration seeks to accelerate the restoration of the US rare earth supply chain at commercial scale with high resiliency and environmental sustainability.

GM 221
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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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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. Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base.

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App-based mobile gas station Booster Fuels raises $20M in Series B

Green Car Congress

Booster has become a highly sought-after perk at more than 300 large employers including Cisco, Oracle, Gilead, eBay, PepsiCo, Facebook, as well as most of the Fortune 100 companies based in Booster’s two current service regions: the Dallas-Fort Worth and San Francisco Bay areas. —Frank Mycroft, CEO, Booster Fuels.

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3 Challenges to Solve Before We Can Commute by Air Taxi

Cars That Think

We carried out our first flight demonstration on 11 October 2022, when we flew a Bell 407GXi helicopter (supplied by consortium member Bell Textron) as a stand-in for a future electric vertical-takeoff-and-landing vehicle, or eVTOL. As the helicopter was preparing to take off from Fort Worth for the first flight, at around 2 p.m.

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

Charged EVs

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. In 2022, MP signed a long-term agreement with GM to supply US-sourced and manufactured rare earth materials, alloys and magnets. And it has customers.

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

Baua Electric

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. In 2022, MP signed a long-term agreement with GM to supply US-sourced and manufactured rare earth materials, alloys and magnets. And it has customers.