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

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

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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.

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Rivian will build its next EV manufacturing plant in Georgia

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“Building our recently announced second domestic manufacturing facility near Atlanta, Georgia (500,000 targeted annual production capacity with eventual co-located cell production),” Rivian listed in its list of achievements. million square feet of manufacturing space. Production is slated to begin in 2024.

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Fort Worth approves $68.9M incentive package for Linear Labs for electric motor manufacturing

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The City of Fort Worth, Texas has approved a $68.9-million million economic incentive package for electric-motor-manufacturer Linear Labs ( earlier post ) to further solidify the city as the next tech innovation hub.

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

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

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The ability to process HREEs alongside LREEs will enable MP Materials to extract and refine all rare earths required to manufacture high-performance permanent magnets. In a separate contract awarded in December 2020, the DoD committed $9.6 Earlier post.). Earlier post.).

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

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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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