GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US
Green Car Congress
DECEMBER 10, 2021
Under the long-term agreement, MP Materials will supply US-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.
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