TOKYO, July 12 (Reuters) - Honda Motor Co 7267.T said it
had co-developed the world's first electric motor for hybrid
cars that uses no heavy rare earth metals, a breakthrough that
would trim costs and reduce its dependence on the expensive
materials controlled mainly by China.
Japan's third-largest automaker said on Tuesday the
technology, developed with Daido Steel Co 5471.T , will be used
in the next Freed minivan to be unveiled this autumn.
Hybrid vehicles, which combine a gasoline engine and
electric motor for better mileage, have gone mainstream in many
developed countries but procuring a steady supply of rare earth
elements such as dysprosium and terbium has been a challenge.
Automakers have been trying to diversify their source of rare
earth materials to ease their dependence on China.
The redesigned motor still uses a light rare earth element,
neodymium.
(Reporting by Naomi Tajitsu and Maki Shiraki; Editing by
Chang-Ran Kim and Chris Gallagher)
((naomi.tajitsu@thomsonreuters.com; +81364411078; Reuters
Messaging: naomi.tajitsu.thomsonreuters.com@reuters.net))
Keywords: HONDA RAREEARTHS/