Toyota readies cheaper electric motors by halving rare-earth metal use

Toyota sees demand for neodymium, shown, exceeding supply from 2025. (Bloomberg)

By:

Kevin Buckland Nao Sano

February 20, 2018 05:00 AM

TOKYO -- Toyota Motor is readying electric motors that include as much as 50 percent less in rare-earth metals amid concern of a supply crunch as automakers race to expand their EV lineups.

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