Musk Claims Zero-Rare-Earth Motor; Supplier Jingli Magnet Disagrees

TREE NEWS update: Jingli Magnet, a supplier of neodymium-iron-boron magnets to Tesla, responded on Sept. 8 to Elon Musk’s claim of achieving a ‘zero-rare-earth’ motor for the Cybercab. In an investor relations record, the company stated that high-performance rare-earth permanent magnets remain the irreplaceable mainstream core material route for high-end applications like EV drive motors and robots, after decades of validation.