• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Niron Magnetics receives $10-million grant for US permanent magnet facility


US-based magnet manufacturer Niron Magnetics has been awarded a $10-million grant from the Minnesota Forward Fund to support the construction of its production site for iron nitride-based rare earth-free permanent magnets in Sartell, Minnesota. The financing will help the company advance the development of Plant 1, a 190,000-square-foot facility. Construction of the plant, located on… Read more…

Lucid’s new $50K EV promises Level 4 autonomy

ArenaEV
Lucid Motors is finally planning a vehicle for people who don’t have a six-figure car budget. The American EV maker is developing a new midsize crossover, currently known only as “Project Midsize.” But Lucid isn’t just building a cheaper car; it’s partnering with tech giant NVIDIA to stuff it with some of the most advanced self-driving technology on the market.… Read more…