US EditionEV Makers Line up at Europe’s only Rare-Earths Magnets Site
7 Articles
7 Articles
EV makers line up at Europe’s only rare-earths magnets site
Executives from Europe’s electric-vehicle industry are trekking to the continent’s sparsely populated northeastern parts to queue for something they struggle to find outside of China: rare-earths magnets that are essential components in EVs.
After Beijing exercised its power over the valuable magnets as a measure of pressure, other countries began to increase production, but only incrementally.
Europe's EV Makers Line Up at Estonia's Rare-Earth Magnet Plant
(Bloomberg) — Executives from Europe’s electric-vehicle industry are trekking to the continent’s sparsely populated northeastern parts to queue for something they struggle to find anywhere outside of China: rare-earths magnets that are essential components in EVs.
Europe’s EV Makers Line Up at Estonia’s Rare-Earth Magnet Plant
Executives from Europe’s electric-vehicle industry are trekking to the continent’s sparsely populated northeastern parts to queue for something they struggle to find outside of China: rare-earths magnets that are essential components in EVs.
Europe has already taken steps to reduce its dependence on China for rare-earth magnets, which are essential for the development of clean technologies. The first European production of rare-earth magnets has opened in the city of Narva, Estonia, which plans to supply magnets for more than a million electric cars or thousands of offshore wind turbines each year. The first European rare-earth magnet factory opened this year in the city of Narva, l…
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