Tag Archives: General

VACUUMSCHMELZE (VAC) and General Motors (GM) Announce Plans to Build a New Magnet Factory in the U.S. to Support EV Growth

Hanau – VAC and GM announced plans for VAC to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in GM’s electric vehicles using Ultium-Platform. The new plant would plan to use locally sourced raw materials. “We are building a resilient and sustainable EV manufacturing value chain in… Read More »