A major step in the U.S. electric vehicle supply chain has been taken as MP Materials begins producing neodymium-praseodymium magnets at its facility in Texas. These critical components are essential for the electric motors in General Motors’ upcoming lineup of electric vehicles, marking a shift toward domestic manufacturing of a key rare-earth material. The move aims to reduce reliance on foreign sources for these magnets, which are vital for the performance and efficiency of EVs. With production now underway, the facility is set to play a pivotal role in supporting the growing demand for electric vehicles in North America.
MP Materials Starts Making Permanent Magnets For GM EVs in Texas GreenCars
