USA Rare Earth plans to start up neodymium magnet production next year at its plant in Stillwater, Oklahoma and to be supplying it with rare earth feedstock mined at its own Round Rock property in Texas in late 2025 or early 2026, reports CEO Tom Schneberger to Magnetics Magazine. […]
In two separate deals, British electric drive specialist Saietta has forged a master supply agreement with AVTEC Limited, a major independent manufacturer of powertrains in India, for production of Saietta’s e-drives for lightweight vehicles in […]
Lilium NV, developer of the first all-electric vertical take-off and landing jet, announced that it has successfully arranged a capital raise for a total amount of $192 million, bringing its total raise for the year to nearly $300 million. Innovative electric motors power the craft, and Swedish bearing manufacturer SKF is one of the German aircraft company’s key suppliers. […]
Automotive powertrain manufacturer Vitesco Technologies is strategically building its portfolio of e-drives with new designs – including one that features a rotor without permanent magnets, and billion-dollar supply chain deals to secure a steady flow of prized silicon carbide semiconductors for control and charging systems. […]
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