Chinese rare earth producers and electric vehicle manufacturers in Anhui province have formed a strategic partnership to develop a new magnet alliance. The collaboration aims to strengthen the supply chain for high-performance magnets critical to EV production. By pooling resources, the groups seek to enhance efficiency and reduce costs in magnet manufacturing. This move highlights growing industry efforts to secure domestic control over key components in the electric vehicle sector.
Chinese rare earth groups and Anhui’s EV sector launch a joint magnet alliance Charged EVs
