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No. 0539
Published
Honda invests in US maker of rare-earth-free magnets
Why it matters
Honda invested in Minnesota-based Niron Magnetics, which is building capacity for rare-earth-free magnets. It is a concrete move to de-risk EV supply chains from Chinese rare-earth dependence. A signal of where Japanese OEM sourcing strategy is heading.
The source
WardsAuto
Honda invests in US maker of rare-earth-free magnets
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