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
- ASSOCHAM suggests war-footing steps to deal with Covid-19 virus; seeks moratorium on all debt repayments.
- Tamil Nadu will soon come out with a AVGC-XR policy
- Clearing Smog Post Diwali: Air Purifier Market Sees Seasonal Surge
- UPI Circle for delegate payments launched: Multiple people can use one UPI account; how to use UPI Circle, transaction limit