Schaeffler signs contract with Norway’s REEtec to secure rare earth oxides

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Strategic Partnerships

The rare earth oxides will be used to make electric motors for hybrid modules, hybrid transmissions and all-electric axle drives more sustainable

German auto component supplier Schaeffler has signed a five-year contract with Norway’s REEtec AS to secure the purchase of rare earth oxides, the company announced on 19 April 2022.

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