Flush with over 100 million Euro in liquidity and enjoying robust business growth, e-mobility equipment maker Aumann is signaling that it plans to make one or more acquisitions soon. In recent financial reports, the Beelen, […]
Carpenter Technology, manufacturer of magnetic powders and other specialty alloys, is raising prices again for the third time in about 10 months. Effective March 22, base prices are going up 12-15% on new, non-contract orders […]
General Motors is reaching deep into its wallet to forge business growth and technical advancements in electric vehicles, including backing the establishment of new magnet factories in the U.S. while also driving innovation in permanent magnet and inductive motor technology. […]
Leveraging its purchase of axial-flux motor developer YASA in England, Mercedes-Benz soon will build the high-performance motors at its Berlin site, as the luxury car brand seeks to go all electric by 2030. The move […]
Neo Performance Materials reports strong financial results for the most recent year with its Magnequench unit, considered a bellwether for the magnetics industry, rebounding dramatically in both sales volume and revenues amidst an environment of […]
WEG, the Brazilian maker of industrial motors, generators and impregnation materials, plans to build a new electric motor factory in Santo Tirso, Portugal in concert with its expansion in Europe. In other recent developments, it […]
Targeting the growing electric vehicle market and electrification market trends, Worthington Industries has bolstered its steel processing business with the acquisition of global lamination manufacturer Tempel Steel for $255 million. Tempel makes motor and transformer […]
MP Materials Corp. has been awarded a $35 million contract through the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy […]
Manufacturing the stators for today’s advanced electric vehicle motors can require some tricky steps involving complex technology solutions. One specialist in providing such solutions is bdtronic of Germany which recently used its expanded technology center […]
Niron Magnetics and CorePower Magnetics, two start-ups in the U.S. working on building electric motors and power electronics components free of rare-earth magnets, are in the path of numerous venture and technology development fundings to […]
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