CategoryFocus on Technology

China's dominance in critical EV magnets faces a challenger in Europe

Aerial photo of Neo''s magnet-making factory for electric motor in Estonia
A European Tier 1 supplier has already committed to taking up to 35 percent of the finished magnets Neo initially will produce at its Estonia factory. (NEO PERFORMANCE MATERIALS)
Author
LH
By:
Lois Hoyal
Author
DA
By:
Douglas A. Bolduc
|
December 19, 2024 05:23 AM

Featured Stories

Calif. dealers threaten legal action to block Scout Motors’ direct to consumer sales
ImageCalif. dealers threaten legal action to block Scout Motors’ direct to consumer sales
Carlos Ghosn plugs Nissan Armada, blasts Nissan management for ‘surrendering’ to ‘archrival’ Honda
ImageCarlos Ghosn plugs Nissan Armada, blasts Nissan management for ‘surrendering’ to ‘archrival’ Honda
Honda, Nissan plan to merge with Honda in driver’s seat by summer 2026
ImageHonda, Nissan plan to merge with Honda in driver’s seat by summer 2026
Dire outlook in China prompts Honda, Nissan to join hands globally
ImageDire outlook in China prompts Honda, Nissan to join hands globally