World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives
Green Car Congress
APRIL 20, 2011
In addition, China also possesses an advantage in electric motors, which is partly due to its position as the dominant producer of rare earth.Rare earth materials, specifically neodymium, contribute approximately 30 percent of the material cost of permanent magnet motors, one of the key motor types used in electric propulsion systems.
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