TOKYO -- Nissan Motor's goal to drive down the cost of electric vehicles is expected to hinge on a motor magnet it created using inexpensive material.
Electric vehicles
Nissan turns to low-cost samarium-iron motor magnet for EV future
Rare-earth alloy believed to be key to cutting manufacturing costs by 30%
A Nissan Ariya electric vehicle. The automaker looks to slash the costs of manufacturing EVs to the level of gasoline vehicles by the end of the decade. (Photo by Mizuho Miyazaki)
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