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LORDSTOWN, OH—Foxconn has signed an agreement to manufacture Monarch Tractor’s battery packs and electric agricultural equipment at its assembly plant here.
Traditionally, electric traction motors use permanent magnets made with rare-earth metals. However, materials such as dysprosium and neodymium are a limited resource.
DEARBORN, MI—Ford has announced a series of initiatives for sourcing battery capacity and raw materials that will enable the automaker to produce 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.
HERNDON, VA—Volkswagen Group of America Inc. and Redwood Materials Inc. are collaborating to create a supply chain to recycle Volkswagen and Audi electric vehicle batteries in the United States.