GM has invested an unspecified amount in EV rotor permanent magnet maker Niron Magnetics, as well as launching a strategic partnership with the magnet manufacturer as The General expands its North ...

The automaker is forming a “strategic partnership” with Niron Magnetics, a Minnesota-based company that is developing magnetic technology based in iron nitride. GM’s venture arm is also ...

GM announced the partnership on Wednesday, stressing that Niron's magnet technology could be a key part of its future EV portfolio. GM isn't merely an automaker desiring a better breed of motor ...

According to a release from the Clean Earth Magnet manufacturer this morning, it has garnered an additional $33 million in funding. In addition to initial funding from GM and Stellantis ...

Nearly 40 years ago, General Motors invented the rare-earth magnet and thus laid the foundation for modern electric motors. But now the automaker is moving on to a different technology.

but GM said the companies will co-develop EV magnet motor technology. Daniels said the investment will help GM locate its EV supply chain in North America, a key component to make vehicles ...

GM and Niron Magnetics have completed a strategic partnership agreement to co-develop clean earth magnet motor technology which can be used in future GM EVs. GM Ventures has also made an ...

"Where they have the greatest impact for GM is in the drivetrain to their future EVs. Today, roughly 90% of the rare-earth magnet supply is dependent upon China." The move follows China's ...

Where they have the greatest impact for GM is in the drivetrain to their future EVs. Today, roughly 90 percent of the rare-earth magnet supply is dependent upon China," said Niron CEO Jonathan ...