Feb. 20, 2018
Development of "Nd-reduced heat-resistant magnet"
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Feb. 20, 2018
Toyota Develops New Magnet for Electric Motors Aiming to Reduce Use of Critical Rare-Earth Element by up to 50%
Toyota Motor Corporation (Toyota) announces that it has developed the world's first neodymium-reduced, heat-resistant magnet. Neodymium magnets are used in various types of motors such as the high-output motors found in electrified vehicles, use of which is expected to increase rapidly in the future. The new magnet uses significantly less neodymium, a rare-earth element ("rare earth"), and can be used in high-temperature conditions.