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GM and VAC to jointly develop new U.S. magnet factory for EVs
General Motors and Vacuumschmelze (VAC) jointly announced plans for VAC to build a plant in the U.S. to manufacture permanent magnets for electric motors used in various GM electric vehicle models. The models using these electric motors will be based on GM’s Ultium Platform and will include the GMC Hummer EV, Cadilla....
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