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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

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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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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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Rivian will build its next EV manufacturing plant in Georgia

Teslarati

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

Green Car Congress

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. Earlier post.). Earlier post.).

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

General Motors and POSCO Chemical are working with the governments of Canada and Québec to build a new $400-million facility in Bécancour, Québec, to produce cathode active material (CAM) for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Earlier post.)

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Rivian’s 2nd plant most likely to land in Georgia, stock responds

Teslarati

A new report claims that Rivian, based in Normal, Illinois, will bring a second electric vehicle manufacturing plant to the United States by building it in Georgia. The State seems hungry to bring a large-scale EV manufacturing project to the area, which will undoubtedly supply thousands of manufacturing jobs.

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