Daido Steel Co., Ltd. and Honda Motor Co., Ltd. have developed a practical hot deformed neodymium magnet containing no heavy rare earth elements (REE) that still delivers the high heat resistance properties and high magnetic performance required for the use in the driving motor of a hybrid vehicle. Honda will first apply this hot deformed neodymium magnet with absolutely no heavy rare earth elements to the Honda Sport Hybrid i-DCD (Intelligent Dual Clutch Drive) system, a system Honda will use in the all-new Freed scheduled to go on sale this fall. Honda will continue expanding application of this technology to new models in the future. Neodymium magnets (NdFeB, an alloy of neodymium, iron and boron), have the highest magnetic force among all permanent magnets and are used for the drive motors of electric vehicles including hybrid and full-electric vehicles. Thus, demand for neodymium magnets is expected to grow exponentially […]