Toyota’s new magnet for electric motors can slash use of rare earth element by 50%

Japanese carmaker develops world's first neodymium-reduced, heat-resistant magnet, which is a key element of the foundation required to popularise electrified vehicles.

20 Feb 2018 | 3604 Views | By Autocar Pro News Desk

Toyota Motor Corporation has developed the world's first neodymium-reduced, heat-resistant magnet. Neodymium magnets are used in various types of motors such as the high-output motors found in electrified vehicles, use of which is expected to increase rapidly in the future. The new magnet uses significantly less neodymium, a rare-earth element, ...

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