U.S. automakers are facing an unexpected and surprisingly critical shortage: magnets. Specifically, rare earth magnets. These tiny but powerful components are indispensable, powering everything from ...
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Auto ancillary stock jumps 9% after foraying into Rare Earth Magnet-Free traction motors for EVs
Bengaluru, May 14 -- The shares of the prominent automotive fastener manufacturers gained up to 9 percent after the company forayed into Rare Earth Magnet-Free traction motors for electric vehicles.
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