New Technology to Reduce Toyota's Costs of Electric Cars

Toyota continued to work on electric vehicles as well as its hybrid technology, which was pioneered by Toyota, again with an environmentalist new magnet combination, another important principle in the world automotive sector. With the new magnet, the use of rare metals for magnetization in electromotors will be reduced by half and at a much lower cost using less common "neodymium" elements. This is especially true for electric cars.

Today, Toyota continues to lead the market with more than 11 million hybrid car sales, and will offer 5.5 million electric-powered cars, which it plans to sell by 2030, more economically. Neodymium-based electromotors that are used in conventional electromotors and that maintain high-temperature magnetizing capability, can now be produced in a heat-resistant manner with more cost-effective mines. The new type of neodymium-reduced magnet, which has wide application in fields such as automotive and robotics, will also make the use of natural resources more efficient at the same time. Continuing their work to further develop the magnet, Toyota continues to work on both the mass production process and the integration of new technology into existing electromotors.  The magnet, which is of great importance to the electromotor, should not lose its magnetizing property at high temperatures. For this purpose neodymium is used together with terbium and dysprosium elements in today's electromotors for the protection of magnetization in high temperatures. These two elements are rarely found in nature and raise production costs. By replacing these two elements with lanterns and cerium with new technologies, Toyota engineers have also succeeded in reducing neodymium use and eliminating performance loss at the same time.

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