July/August 2023

Toyota and Denso Pursue In-Road Wireless Charging by Electreon
Electreon, a specialist in embedded-roadway wireless inductive charging of electric vehicles, along with Toyota Motors and automotive component supplier Denso have agreed to jointly develop an advanced wireless charging system for the mainstream EV market.

Grinding Rare Earth Magnets into Shape
With China currently dominating the world’s rare earth magnet supply chain, the competition for raw materials is playing out on the international stage. But so too is the development of more efficient processing, grinding, and finishing techniques to fabricate rare earth magnets. To meet the need, advanced, automated rotary surface grinders are used to bring magnets to the final size and finish required prior to permanent magnetization.

Volkswagen Designs New Drive for All-Electric Family with More Powerful Magnets in Rotor
Volkswagen has designed a new generation of drive systems for its all-electric ID. family of automobiles that boosts the power and torque, providing longer-range performance. Among the key elements are more powerful magnets in the rotor, specialized electrical sheets and advancements in the manufacturing process.

Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths
Exploration License in Greenland

Neo Performance Materials, considered a bellwether of the permanent magnetics industry, has named a new president in concert with the upcoming retirement of its CEO and long-time leader Constantine Karayannopoulos and, in rapid succession, recently consummated two deals that further its mines-to-magnets vertical integration strategy.

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