Posts Tagged: Toyota Prius

Toyota develops new magnet cutting the use of rare earth element neodymium in electric motors

Scientists at Toyota have developed a new heat-resistant magnet that uses “significantly less” neodymium, a rare earth element commonly used in magnets for electric motors. Neodymium is critical for maintaining magnetization at high temperatures. The amount of neodymium in Toyota’s magnets has been reduced by up to 50 percent, partially replaced with lower-priced rare earths… Read more »