WebThat’s for its electric and hybrid electric vehicle motor design. All using non-rare earth magnets. The majority of electric and hybrid electric vehicles produced today use permanent magnet motors with rare-earth magnet materials. So this new design provides a similar level of performance to UQM’s current design. WebDec 10, 2024 · Updated: Dec 10, 2024. General Motors’ deal with two suppliers gives it U.S.-based sources of rare earth metals that go into U.S.-built electric car motors. …
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