An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths
NeutralFinancial Markets
- Car companies are exploring alternatives to Chinese rare earths in the production of electric motors, aiming to reduce their dependence on geopolitically sensitive materials. This shift is driven by concerns over supply chain vulnerabilities and the desire for greater autonomy in manufacturing processes.
- The move to develop motors that do not rely on Chinese rare earths could significantly impact the automotive industry, potentially leading to innovations in motor technology and a more diversified supply chain, which may enhance the competitiveness and sustainability of electric vehicle production.
— via World Pulse Now AI Editorial System