e-Power Technology

SKF and Wolong Expand Magnetic Bearing & Levitation Motors Businesses 

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.  […]

Materials/Manufacturing

Solvay Builds Momentum to Grow Rare Earths Magnet Business in Europe 

Global chemicals giant Solvay has joined the Rare Earth Industry Association in its latest move to dramatically build its magnetics business. Planning to develop a major hub for rare earth magnets in Europe, the Belgian-based company has been beefing up its supply chain in addition to the latest step toward building its network of industry partners and potential customers. […]

e-Power Technology

Stellantis Plans $155 Million Investment in 3 Indiana Plants to Support North American Electrification Goals 

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.  […]