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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation

Charged EVs

Over 90% of the world’s rare earth magnets are produced in China. There are three stages in the rare earth magnet production process: mining; separating and purifying the elements; and transforming the elements into metal alloys and magnets. The majority of EV traction motors use rare earth magnets.

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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation – Charged EVs

Baua Electric

Over 90% of the world’s rare earth magnets are produced in China. There are three stages in the rare earth magnet production process: mining; separating and purifying the elements; and transforming the elements into metal alloys and magnets. Approximately 90% of electrified vehicle traction motors use rare earth magnets.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

In late 2008, BYD started selling the first production PHEV in China. Small long-term evaluation program, including modeling of vehicle-to-grid building benefits and economics, begun with Southern California Edison, joined by EPRI, other utilities, US DOE. Establishing dealer network. Ford Escape PHEV-40 around 2012.

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Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

It is aggressively in talks with Portland General Electric Plug-In Charging Stations , ( POR ) and other states including Michigan, and California that are scrambling to offer incentives. Tax credit incentives are also available to consumers in the U.S. market for sustainable “green” energy purchases.