Hitachi Metals developing EV motors with fewer rare earth metals

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Hitachi Metals is developing ferrite-based magnets, which are estimated to be about one-fifth the price of the neodymium magnets

Hitachi Metals, a leading Japanese material supplier, is working with a number of automotive manufacturers to develop EV motors that use fewer rare earth metals, according to a news report published by Nikkei Asia on 8 December 2022.

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