General Motors & German Company Vacuumschmelze Announce Plans to Build a Magnet Factory in the U.S. for EV Motors

General Motors & German Company Vacuumschmelze Announce Plans to Build a Magnet Factory in the U.S. for EV Motors

General Motors announced a new partnership with German company Vacuumschmelze (VAC) to build a plant in the United States that will manufacture permanent magnets for the electric motors for GM’s future electric vehicles. The permanent magnets will be used in the electric motors of the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other EVs in development that will be built on GM’s Ultium EV Platform.