Primus In News
EV industry, government struggle to find alternatives as China throttles rare earth magnet supply
20-05-2025
Nikhil Dhaka, Vice-president, Primus Partners, highlighted the critical role of rare earth magnets in electric vehicle (EV) motors and cautioned that any disruption in their supply could significantly impact automakers, as alternative sources are not readily available. While magnet-free motor technologies are being explored, he emphasized that without resolving the rare earth supply issue, automakers may be forced to import entire motors.
Explore Related Insights
- Common Security Hold Area at Airports Could Reduce Connection Times By 90%: Primus Partners
- India's EV surge needs a home-grown magnet fix: Report
- Bajaj’s CNG bike sputters amid high costs and weak demand
- Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners