A new permanent magnet for electric vehicles will help free the US auto supply chain from expensive rare earths and overseas sources.
Iron Nitride manufactured by Niron Magnetics at the company's state-of-the-art facility in Minneapolis, MN in October 2023.
Auto industry stakeholders have been slowly chipping away at the sustainable supply chain problem. So far much of the effort has been focused on bio-based or recycled substitutes for minor parts such as ARPA-E set a high bar for the new iron nitride magnet. “This project will provide the basis for an entirely new class of rare-earth-free magnets capable of generating power without costly and scarce rare earth materials,” ARPA-E stated.
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