GM, Stellantis invest in EV magnet startup in move to reduce China reliance
GM, Stellantis invest in EV magnet startup in move to reduce China reliance
Wednesday, November 8, 2023
Nov 8 (Reuters) - General Motors (GM.N) and Stellantis (STLAM.MI) said on Wednesday they will invest in startup Niron Magnetics, part of a plan to develop electric-vehicle magnets without rare earths as the automotive industry aims to curb its reliance on China.
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