Honda invests in rare-earth-free magnet startup Niron Magnetics, Nikkei Asia reports
Niron Magnetics is building a bigger facility to complement its existing pilot factory in Minneapolis, according to Nikkei Asia.
TLDR
Nikkei Asia reports that Honda has invested in Niron Magnetics, a U.S. startup focused on rare-earth-free magnets. The company is building a bigger facility to complement its existing pilot factory in Minneapolis, the outlet says.
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