GM invented rare-earth magnets but hopes to purge them from EVs

Lucid Air has range to spare—for charging other EVs

Lucid Air charging a Tesla Model SThe Lucid Air tops other EVs in EPA-rated range, meaning drivers will have plenty to spare after most trips. Now they can use it to charge other EVs. Lucid on Thursday announced that it is enabling this function, dubbed RangeXchange by the automaker, via an over-the-air (OTA) software update and adapter. This will enable an Air to charge another...

GM invented rare-earth magnets but hopes to purge them from EVs

Motor family for GM Ultium-based EVsNearly 40 years ago, General Motors invented the rare-earth magnet and thus laid the foundation for modern electric motors. But now the automaker is moving on to a different technology. GM recently announced a partnership with Niron Magnetics, a Minnesota-based company that claims to have developed automotive-grade permanent-magnet motors without...