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GM, Stellantis and other invest US$33.0M in Niron Magnetics to produce magnets for EV motors without using rare-earth metals; Niron produces permanent magnets using iron nitride

GM Ventures and Niron Magnetics pursue affordable, sustainable EV motor magnets to establish a more secure, sustainable, North American-focused EV supply chain; Niron's magnets do not use critical materials, including rare or heavy rare earth minerals

GM Ventures and Niron Magnetics Pursue Affordable, Sustainable EV Motor Magnets

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