VAC signs long-term supply agreement with GM for permanent magnets

VACUUMSCHMELZE (VAC) announced a binding long-term supply agreement with General Motors to produce permanent magnets for EV motors in North America. VAC will build a new facility in North America, expected to start production in 2025, creating hundreds of jobs.

“VAC announced a binding long-term supply agreement with GM for North America permanent magnet production – another major step forward to create a strong, sustainable and scalable supply chain for electric vehicles.”via.tt.se

• 1 source
• via.tt.seVACUUMSCHMELZE (VAC) Announces Binding Supply Agreement with General Motors (GM) to Support EV Growth | news aktuell GmbHJan 30, 2023

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