Remove Fort Worth Remove Global Remove Manufacturer Remove Market
article thumbnail

GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

Under the long-term agreement, MP Materials will supply US-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.

GM 221
article thumbnail

Tesla’s Elon Musk gives Rivian invaluable advice on manufacturing

Teslarati

Tesla CEO Elon Musk gave electric vehicle startup Rivian a bit of invaluable advice regarding manufacturing efforts that could help the company’s longevity. In 2017, however, Tesla was ramping its first mass-market vehicle, the Model 3, and financial specifics were dicey. After reports of Rivian’s second U.S.-based

article thumbnail

Linear Labs to begin mass production of high-torque M200 e-mobility motor in September

Green Car Congress

million economic incentive deal with the City of Fort Worth. The company will start with an allocation of production that is distributed between itself and several Tier One sub-contractors in order to expedite the manufacturing ramp rate and delivery of motors to early customers. The announcement comes on the heels of a $68.9-million

Motor 448
article thumbnail

VinFast in a major reshuffle to target US market

Baua Electric

VinFast VF 8/Source: VinFast Vietnamese EV maker VinFast has announced a new CEO at the helm, and an aggressive new strategy to expand globally while gaining a foothold in the US. North Carolina’s VinFast manufacturing plant is expected to produce as many as 150,000 vehicles annually after it is completed in 2025.

article thumbnail

VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

Despite the brand initially looking like another automotive startup doomed to failure, it’s managed to outlast much of the competition and continues to express a desire to break into the North American market. But the ultimate goal is for VinFast to become a globally recognized EV manufacturer offering competitively priced vehicles.

article thumbnail

4,500th GE Evolution Series Locomotive enters service; reductions in fuel consumption and emissions

Green Car Congress

The Evolution Series Locomotives operate in key rail markets worldwide, including in the US, Canada, Mexico, Brazil, Egypt, Kazakhstan, China, Mongolia, and Australia. The Texas facility will manufacture, assemble and remanufacture GE’s rail and transportation-related products.

article thumbnail

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

Charged EVs

Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. 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. Charged : Tell me a bit about the global market for rare earths.

Supplies 103