Automotive

NdPr drives almost
all E-vehicles

More than 90% of electric vehicles are using a Neodymium permanent magnet engine, each of which requires approx. 1kg pure NdPr oxide.

Pioneered by visionaries like Elon Musk of Telsa Inc, E-mobility is on its way to becoming mainstream. Musk’s Tesla cars have triggered a tidal wave of investment by leading car manufacturers into electric vehicles. Forecasts show that by 2020 there will be more than 100 new electric and plugin models on the market and by 2025, more than 250 different electric car models will be available worldwide. At present, more than 20 billion USD have been invested by companies like LG Chem, Panasonic, Daimler, VW, Sanyo, Nissan, Tesla, Boston Power and Foxcom in new capacity for lithium batteries and storage factories world-wide. Once electric vehicles become cheaper to purchase than combustion engines, the demand will skyrocket. For the first time, we will see a significant end-consumer rare earth application coming online with a disruptive impact to the rare earth market and how we perceive mobility today!

22/01/2019
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"Dyson electric car: ex-BMW boss takes charge"

Former BMW and Infiniti boss Ronald Krueger will oversee the Dyson electric car project The Dyson

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17/01/2019
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"Chinese maker of $20,000 electric cars set to crack US market"

Kandi, which currently makes cars through an equally held venture with Zhejiang Geely Holding Group

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26/01/2019
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"Flagship Volkswagen plant transforms for EV era"

VW’s Salzgitter plant is getting ready for electric drives. While one of the 86 production lines i

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28/01/2019
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"Porsche Taycan owners will get three years of free charging on Electrify America’s network"

Porsche today announced a deal with Electrify America, VW’s EV charging network born out of the De

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22/01/2019
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"Toyota and Panasonic Agree to Establish EV-battery Joint Venture"

    Toyota Motor Corporation and Panasonic Corporation concluded today a business-in

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19/01/2019
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"China Is Building Too Many Electric Cars"

China has 500 EV start-ups. The country can produce 20 million EVs a year. The Chinese government i

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15/01/2019
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"Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity"

Forecast number of vehicles produced by 2020 is 20 million, 10 times the government’s target Sales

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19/01/2019
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"China Is Building Too Many Electric Cars"

China has 500 EV start-ups. The country can produce 20 million EVs a year. The Chinese government i

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