An Auto Holy Grail: Motors That Don't Rely on Chinese Rare Earths

Core Viewpoint - Car companies are seeking alternatives to rare-earth magnets in electric motors to reduce dependency on geopolitics [1] Industry Summary - The automotive industry is increasingly concerned about the geopolitical risks associated with rare-earth materials, which are essential for electric vehicle (EV) motors [1] - Companies are exploring various technologies and materials to replace rare-earth magnets, aiming to enhance supply chain resilience and reduce costs [1] Company Summary - Several major car manufacturers are investing in research and development to find viable substitutes for rare-earth magnets, indicating a shift in strategy towards more sustainable and secure sourcing [1] - The move to alternative materials is expected to impact the production processes and cost structures of electric motors in the automotive sector [1]