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Wednesday, 06 October 2021 16:30

General Motors, GE Renewable Energy to Develop Materials Supply Chain to Support EVs

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General Motors and GE Renewable Energy on Oct. 6 announced they have signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.

The initial focus of the collaboration will be on creating a North America- and Europe-based supply chain of vertically integrated magnet manufacturing both companies will use in the future.

 

Metal alloys and finished magnets produced from rare earth materials are critical components used in manufacturing electric motors for automotive and renewable power generation.

 

The companies will also work together to help establish new supply chains for additional materials, such as copper and eSteel, used in automotive traction motors and renewable power generation.

 

"A secure, sustainable and resilient local supply chain for electric vehicle materials is critical to the execution of GM’s vision of an all-electric future," said Shilpan Amin, GM vice president for global purchasing and supply chain. "Motors are one of the most important components of our Ultium Platform, and the heavy and light rare earth materials are an essential ingredient in our motor magnets. The combined scale of GM and GE will enable us to unlock the potential for securing low-carbon footprint, ESG-friendly, secure and cost competitive materials."

 

"At GE Renewable Energy, we constantly innovate, both through our products like the Haliade-X, the most powerful offshore wind turbine built today, as well as by developing strategic collaborations that can help us accelerate the energy transition," said GE Renewable Energy Chief Technology Officer Danielle Merfeld. "Working with GM gives us another tool to obtain a reliable, sustainable and competitive source of key materials going forward that will help us...


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