Toyota Edges Closer to Neodymium-free Electric Motors
Toyota Motor Corp., the world’s largest seller of hybrid vehicles has developed a way to avoid the use of expensive rare earth metals like neodymium and dysprosium, in which China has a near-monopoly, Japan’s Kyodo News reported.
Bloomberg reports that Toyota’s engineers have reached an “advanced stage” of research on a new “induction”-type electric motor which holds the promise of freeing the Japanese automaker from dependence on so-called rare-earth materials.
These motors could also be lighter and more efficient than the magnet-type motor now used in hybrid cars, like the Toyota Prius. However, the research is at an “advanced stage,” John Hanson, a company spokesman said, without saying when vehicles with the motors may be sold.
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