In a significant boost for the electric vehicle industry, Australian company Kite Magnetics has secured a A$2-million grant to scale up the production of its innovative Aeroperm motor core material. The grant, aimed at supporting the growth of clean energy technologies, is expected to enable Kite Magnetics to increase production capacity and reduce costs, making its high-performance motor cores more competitive in the market. Aeroperm is a critical component in electric motors, enabling them to operate more efficiently and effectively, and its widespread adoption could have a major impact on the development of high-performance electric vehicles. As the demand for electric vehicles continues to grow, companies like Kite Magnetics are playing a crucial role in driving innovation and reducing the industry's environmental footprint.
Kite Magnetics secures A$2-million grant to scale Aeroperm motor core material Charged EVs
