SKF and Wolong Electric Group are expanding their lines of business in the growing market for magnetic bearings and high-speed levitation motors. SKF is opening a new plant in Morocco to ramp up production of its magnetic bearings and, jointly, the two companies are cooperating to apply the bearings to more high-speed motor and drive products. […]
Stellantis announced today from its headquarters in Amsterdam that it will invest a total of $155 million in three Kokomo, Indiana, plants to produce new electric drive modules that will help power future electric vehicles assembled in North America and support the goal of 50% battery electric sales in the U.S. by 2030. […]
As navies aggressively electrify their fleets, defense contractor Leonardo DRS is supplying a growing roster of permanent-magnet systems for both hybrid-electric and full-electric propulsion. In recent programs, the systems are coming aboard both new underwater […]
Focused on evolving from traditional powertrain technology to electric mobility, German motion specialist Schaeffler AG is simultaneously launching several new electric axle drives while also expanding its R&D and manufacturing operations to support product and business growth in electric vehicle technology. […]
Airex LLC, a specialist in precision winding technology, and FPH Group, a manufacturer of electrical drive systems and light weighting technologies for ground-based vehicles in the defense industry, are the latest two acquisitions by Allied Motion Technologies, coming only a few months after its merger with ThinGap. Allied Motion announced the Airex deal in late June and the FPH deal in late May, the same month it announced its merger with ThinGap, a manufacturer of zero-clogging slotless motors. […]
Dr. Suniti Moudgil has joined Carpenter Technology Corporation in the role of Chief Technology Officer. She will be responsible for leading the company’s technology strategy and its R&D organization as well as overseeing the company’s intellectual property portfolio. […]
Amidst surging commitments to electric vehicle production, the world’s leading automakers are embarked on a stunning transformation of their design and manufacturing operations. Around the globe, the trend is destined to bring tons of magnets […]
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