Driving american industry: general motors & noveon magnetics sign multi-year agreement to deliver american-made rare earth magnets

Noveon magnetics delivering sintered ndfeb magnets to support iconic gm internal combustion engine vehicle lines and fortify domestic supply chains san marcos, texas , aug. 6, 2025 /prnewswire/ -- noveon magnetics today announced a multi-year supply agreement with general motors (nyse: gm) to deliver rare earth magnets to support a wide range of gm vehicle components. noveon started production immediately and magnet deliveries began in july 2025.
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