Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]
Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October. […]
MP Materials has begun construction of its previously announced rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, marking a significant return of magnet manufacturing operations in North America. The facility is […]
Cadillac is adopting the latest magnetorheological fluid technology into its new models to provide the fastest reacting suspension technology for achieving a smooth ride in automobiles. The Magneride 4.0 systems, supplied by BWI Group, represent a new […]
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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