EV & Mobility
Permanent magnets and battery materials for electric vehicles and next-generation transportation.
Powering the Electric Revolution
The electric vehicle revolution depends on high-performance permanent magnets and advanced battery materials. Neodymium-iron-boron (NdFeB) magnets enable the compact, powerful motors that define modern EVs, while dysprosium additions ensure performance at high operating temperatures.
As automakers commit to full electrification, demand for these critical materials continues to surge. Supply chain security, traceability, and compliance with emerging regulations (EU Battery Regulation, US IRA) are now strategic imperatives for manufacturers worldwide.
Beyond raw availability, the engineering of magnets matters: grain-boundary diffusion enables high-coercivity magnets with lower Dy content; rotor designs and cooling strategies mitigate demagnetization risk. Winning EV programs combine stable sourcing, process capability at Tier-1 magnet fabricators, and forward hedging to smooth input price shocks.
Critical Elements
Key Applications
Traction motors (permanent magnet synchronous motors)
E‑axles and integrated drive units (IDU)
Battery materials (NiMH precursors; solid‑state ceramic electrolytes)
Power electronics and inverters
Regenerative braking systems
Lightweight alloy components and thermal management
Supply Chain Challenges
- •85% of global Nd/Dy supply concentrated in single country
- •Price volatility impacting vehicle economics
- •Emerging export controls and compliance requirements
- •Limited recycling infrastructure for end-of-life magnets
Strategic Opportunities
- →Long-term offtake agreements with vetted suppliers
- →Dual-sourcing strategies (China + ROW)
- →Magnet recycling and urban mining partnerships
- →Compliance-ready documentation for EU/US markets