GM & General Electric to develop rare earths EV supply chain

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General Motors and a General Electric division are to partner on the development of a supply chain for rare earth and other materials used in the manufacture of electric vehicles and renewable energy equipment, the automaker has announced.

The collaboration with GE Renewable Energy will create a supply chain based in North America and Europe and evaluate how to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel, GM said.

Metal alloys and finished magnets produced from rare earth materials are critical parts used in manufacturing electric motors for automotive and renewable power generation.

Read more: Lynas granted $11m from Australia for rare earth refining process

"A secure, sustainable and resilient local supply chain for electric vehicle materials is critical to the execution of GM's vision of an all-electric future. Motors are one of the most important components of our Ultium Platform, and the heavy and light rare earth materials are an essential ingredient in our motor magnets.

"The combined scale of GM and GE will enable us to unlock the potential for securing low-carbon-footprint, ESG-friendly, secure and cost-competitive materials," said Shilpan Amin, GM vice president for Global Purchasing and Supply Chain

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