Renault in Talks with Chinese Supplier for Next-Gen EV Motor Technology [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
elements, Reuters reported on Monday, in a move that comes as China lifts a nearly year-long ban on exports of gallium, germanium, and antimony to the United States and a day after Beijing said it would suspend new restrictions on rare-earth and battery-metal exports for one year. Sources told Reuters the French carmaker seeks a long-term technology partnership to replace permanent-magnet motors with copper-based designs already in pilot production in China. Renault's current E-Tech hybrid and EV lineup already uses wound-rotor synchronous motors built at its Cléon plant in France, without using rare earths. The proposed Chinese partnership would focus on lowering costs and preparing next-generation rare-earth-free systems for high-volume models. Last week, Beijing announced new export restrictions on tungsten, antimony, and silver, materials critical to advanced magnets and EV components, describing them as environmental measures. Industry analysts view the controls as part of
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