Hub motors are problematic because they increase the sprung weight of the wheel, which loses more traction when hitting bumps. Dangerous while cornering or braking. Scale down a motor like this to 300 HP and you could have an amazing AWD vehicle.

This video https://m.youtube.com/watch?v=WU9Ptibu2WQ&t=179s claims that SMC materials have much higher losses at low frequencies than laminated materials, up to around 400 HZ when they very rapidly pull ahead.

So as the core of a step down transformer for consumer electronics, SMCs would be worse than a laminated core (stack of sheet metal pieces punched with a press, stacked and wound with the windings). But in a motor operating at 100s of rpms, no problem. And as I understand it, in high torque motors the magnetic fields pulse far more often than once per revolution because the windings are many and small, so that several can pull on the armature at any orientation.