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Automotive News · United States · Niron Magnetics broke ground on a Minnesota iron nitride magnet plant and Ola Electric certified ferrite motors as rare earth substitution reached commercial inflection
Reports Niron Magnetics' partnership with Stellantis NV announced October 14, 2025, under which Stellantis will evaluate iron nitride magnets for use in EV traction motors and other applications requiring rare-earth-free alternatives. The partnership is at joint-development stage; Stellantis has not committed to sourcing from Niron's Sartell plant but provided engineering resources and motor design specifications.
“Stellantis and Niron Magnetics announced a joint-development partnership in October 2025 to evaluate iron nitride rare-earth-free magnets for EV traction motors.”