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.
SOURCE: WEB
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.