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Common Motors is partnering with a General Electric division to develop a provide chain of uncommon earth and different supplies used within the manufacturing of electric vehicles and renewable energy equipment, the automaker stated on Wednesday
The collaboration with GE Renewable Energy will create a provide chain primarily based in North America and Europe and consider methods to enhance provides of heavy and light-weight uncommon earth supplies and magnets, copper and electrical metal, GM stated.
Steel alloys and completed magnets produced from uncommon earth supplies are vital components utilized in manufacturing electrical motors for automotive and renewable energy technology.
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