Latest Alliance for Automotive Innovation News & Updates

Washington, June 10 (IANS) A bipartisan pair of influential US lawmakers has introduced legislation aimed at rebuilding America’s permanent magnet supply chain and reducing what they describe as a dangerous dependence on China for a technology critical to economic competitiveness and national security.The legislation, known as the Magnets Value Chain Support Act of 2026, was introduced Tuesday by House Select Committee on China Chairman Rep. John Moolenaar, a Republican from Michigan, and Rankin…