Car manufacturers are continuing to pivot their long-term goals to emphasize the importance of electric vehicles. Recently, Nissan announced a massive shift in the production of their EVs thanks to the development of new magnets. The results could have a tremendous impact on consumers and set a potential new standard for the industry. 

A Complex History

Nissan wants to bring EV manufacturing costs down to the level of gas vehicles by 2030. Traditionally, EVs usually use strong neodymium magnets, which are largely produced in China and can be costly. As a Japanese company, Nissan has felt the fallout of tense relations between the two nations over the last decade. As a result, Nissan has supported its EV production by securing neodymium from other locations. Still, China’s reign over dysprosium and other rare earth materials has been felt throughout the company. Now, they are taking matters into their own hands.

 

A Clear Path Forward

To meet its production cost goals, Nissan has to decrease costs by 30%. This, combined with uncertainty regarding the neodymium market, has led to Nissan developing its own magnet. While they have not disclosed the exact contents of the magnet, it was created with samarium and iron. 

 

Company President Makoto Uchida stated, "We will apply Nissan's unique methods across engineering, manufacturing and the supply chain." 

 

Samarium is frequently used in samarium cobalt magnets that have been utilized in plane engines. Nissan claims to be the first manufacturer to use the neodymium byproduct for EVs. They believe the change will bring a steep dip in production costs and prevent production delays. 

 

Neodymium production requires a compression process called sintering, but the practice can alter the makeup of samarium and iron magnets. Instead, Nissan has created a new compression approach using exhaust catalysts. No additional details were provided. 

 

Nissan’s new creation has only been made on a miniature scale, yet the hope is that a full-scale magnet will be created and tested soon. If the magnet can be mass produced, consumers can enjoy cheaper EV prices and more availability.     

Cruise with Apex Magnets All Summer Long

Stay up to date with the latest magnet news this summer with Apex Magnets! We are happy to be your magnetic solutions provider and offer full service. Our collection of magnets includes samarium cobalts, ferrites, and neodymium selections in all shapes and sizes. If you are looking for a way to put your magnets to use, consider reading some of our fantastic DIY ideas. Questions? Just call us at 1-304-257-1193 to speak to one of our magnet experts.