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!

03/06/2019
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"Tesla’s Secret Source of Cash"

Detroit carmakers disclose deals to buy regulatory credits GM says it’s hedging against ‘futu

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16/05/2019
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"BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040"

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 5

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07/06/2019
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"Toyota speeds up electric vehicle schedule as demand heats up"

  TOKYO (Reuters) - Toyota Motor Corp aims to get half of its global sales f

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07/06/2019
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"Toyota teams with China’s CATL and BYD to power electric ambitions"

  ELECTRIC CARS IN CHINA Automaker diversifies battery source and moves up electrification

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23/04/2019
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"Nio reveals ET Preview"

Nio has offered a first look at its new ET Sedan Series, with the unveiling of the vehicle at Auto S

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16/04/2019
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"The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla"

BYD, which built the battery in your ’90s cellphone, now produces more EVs than anyone—and it wa

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10/04/2019
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"Two departments jointly hold meeting on upstream and downstream cooperation mechanism of rare earth permanent magnet materials."

On April 3, 2019, in order to further develop the upstream and downstream cooperation mechanism of r

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12/04/2019
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"Geely launches Geometry global EV brand"

Chinese automotive company Geely has launched Geometry, a new global all-electric vehicle brand, and

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