German companies are searching for ways out of their rare-earth dependancy on China. As the Asian powerhouse holds a quasi-monopoly on rare earths, Ziehl-Abegg has invented a new motor with more accessable materials.
Breakdown
- Ziel ABEC relied on rare earth magnets from China for its elevator motors, but faced supply issues due to tighter Chinese export rules. 4s
- The company developed a motor using ferrite magnets instead of neodymium, maintaining equivalent performance for customers. 1m 2s
- Some scientists are skeptical about fully substituting rare earths due to their unique magnetic properties. 1m 17s
- Europe has not taken significant steps to reduce rare earth dependency, unlike Japan, which invested in Australian mines after a 2020 conflict with China. 1m 43s
- Ziel ABEC plans to launch its rare earth-free motor next year, with a patent pending for the innovation. 2m 3s