Niron Magnetics is a small US-based startup company that just received $33 million in funding from one of the big automakers in the country – General Motors. Previously, Volvo Group and Stellantis have chipped in as well. The company aims to deliver “clean Earth permanent magnets”, which are essential for the production of electric motors in EVs. They are called “permanent magnets” because, within the motor unit, they constantly generate force, which is used for turning electricity into mechanical energy. And Niron Magnetic is proud to say that its version of magnets is “the first and… More…