Results for "Niron Magnetics"

Honda Motor Co. has invested in Niron Magnetics, a startup developing high-performance permanent magnets that eliminate the need for critical rare-earth materials. The move aligns with broader automotive industry efforts to secure sustainable supply chains for electric vehicle components.

Niron Magnetics has commenced the site selection process for its planned $1.8 billion magnetics manufacturing facility, marking a significant step in its expansion.