The post has received over 600 comments, with many people enthusiastic and others sceptical.
The new electric motor could represent a significant step forward for the entire EV business.
Automakers seek to avoid rare earth elements because, as the name implies, they are toxic.
They are pricey because they are scarce.
But it's partly because China controls a large portion of the supply chain.
China accounts for over two-thirds of mining and 85% of total mining output.
Because of the refinement of these components, prices are volatile.
Neodymium, Dysprosium, and Terbium are common elements used in EV motors.