GM Invented Rare-Earth Magnets But Hopes To Purge Them From EVs

09 Nov 2023 | Abstracted from Green Car Reports

GM recently announced a partnership with Niron Magnetics, a Minnesota-based company that claims to have developed automotive-grade permanent-magnet motors without the rare-earth materials used in current designs...Niron's tech is based on iron nitride...limited supply of rare-earth materials has also led to concerns over high costs and price volatility.

"GM and Niron work to bring the latter's tech to future EVs, although no timeline...given.

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