NdPr drives almost
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!
"The Average xEV Electric Motor Power Is Around 112 kW – 1.6 kg of NdFeB alloy is consumed per 100 kW"
On average, new passenger xEVs are equipped with 112 kW electric motors (the average for BEVs is hig
"VW ID.3 Electric Motor Is So Compact That It Fits In A Sports Bag"
From 2023 on, Volkswagen intends to produce 1.4 million of similar electric drive units annually.
"Hyundai Motor Group will invest more than US$87 billion over next 5 years"
Hyundai Motor Group announces new business priorities Executive Vice Chairman Euisun
"Reducing CO2 emissions from passenger cars"
Cars are responsible for around 12% of total EU emissions of carbon dioxide (CO2), the main greenhou
"Denmark calls for EU strategy to phase out diesel and petrol cars from 2030"
Denmark made the proposal came during a meeting of EU environment ministers in Luxembourg. The 20
"Australia seeks investment from European electric carmakers"
Western Australia mining region competes with China to supply lithium, cobalt and graphite Europe s
"Bosch has received billion orders for electric mobility"
These include series projects for the electric drive of passenger cars and light commercial vehicles
"An Extremely Detailed Look At The Porsche Taycan’s Engineering Designed To Take On Tesla"
David Tracy, Friday 3:40pm, Filed to: PORSCHE TAYCAN Porsche’s first fully electric car is here