U.S. automakers are facing an unexpected and surprisingly critical shortage: magnets. Specifically, rare earth magnets. These tiny but powerful components are indispensable, powering everything from ...
The Tesla mystery magnet, which aims to remove the use of rare-earth elements in EV engines, was recently introduced at the Investor Day 2023 event. A view of a fully electric Tesla car on an assembly ...
Global automakers worry China's rare-earths curb is next global supply crisis Auto industry efforts to find alternative magnet supplies have floundered Bottleneck has auto companies stockpiling, ...
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