Honda co-develops 1st heavy rare earth-free motor for hybrid cars - The Financial Express

Honda co-develops 1st heavy rare earth-free motor for hybrid cars

Honda Motor Co said it had co-developed the world's first electric motor for hybrid cars that uses no heavy rare earth metals, a breakthrough that would trim costs and reduce its dependence on the expensive materials controlled mainly by China.

By: | Published: July 12, 2016 8:40 AM
Japan's third-largest automaker said on Tuesday the technology, developed with Daido Steel Co, will be used in the next Freed minivan to be unveiled this autumn. (Reuters) Japan's third-largest automaker Honda said on Tuesday the technology, developed with Daido Steel Co, will be used in the next Freed minivan to be unveiled this autumn. (Reuters)

Honda Motor Co said it had co-developed the world's first electric motor for hybrid cars that uses no heavy rare earth metals, a breakthrough that would trim costs and reduce its dependence on the expensive materials controlled mainly by China.

Japan's third-largest automaker said on Tuesday the technology, developed with Daido Steel Co, will be used in the next Freed minivan to be unveiled this autumn.

Hybrid vehicles, which combine a gasoline engine and electric motor for better mileage, have gone mainstream in many developed countries but procuring a steady supply of rare earth elements such as dysprosium and terbium has been a challenge. Automakers have been trying to diversify their source of rare earth materials to ease their dependence on China.

[realted-post]

The redesigned motor still uses a light rare earth element, neodymium.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.