VACUUMSCHMELZE signs binding 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 at a new North American facility, expected to start production in 2025.

“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.”einpresswire.com

• 1 source
• einpresswire.comVACUUMSCHMELZE (VAC) Announces Binding Supply Agreement with General Motors (GM) to Support EV GrowthHendrik BorgmeierJan 30, 2023

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