Honda Backs US Firm for Rare-Earth-Free Magnets
1 source · first reported 2h ago
Honda Motor has invested in Niron Magnetics, a US company developing rare-earth-free permanent magnets. This technology could be used in next-gen electric propulsion systems. The investment aims to commercialize Iron Nitride permanent magnets.
Why it matters
Rare-earth-free magnets are crucial for reducing dependence on foreign materials and enhancing the performance of electric propulsion systems, which is significant for the development of advanced defense technologies.
Independent Media 1
Single-source: Independent Media
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