Hyundai Motor and Kia to Alternative Rare Earth Materials Development.

Quick Summary:

The joint research laboratory will conduct research on non-rare earth magnetic materials to replace rare earth elements, rare earth recycling to recover and reuse rare earth elements from motors, and magnetic property evaluation to advance the measurement of magnetic materials.

Hyundai Motor and Kia announced on Tuesday that they have established the Hyundai Motor Group Magnetic Material Joint Research Laboratory at Yonsei University's Sinchon Campus to enhance the technological competitiveness of permanent magnets, which are key components of electric vehicles.

The joint research laboratory aims to secure technologies to replace and recycle rare earth elements, essential raw materials for electrification.

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Article Details

Category: Economy

Markets: South Korea

Topics: Joint Earth Magnetic Hyundai Rare National University Research Elements Materials Motor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-21 @ 16:20:45 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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