India’s Bajaj Auto Flags Risk of Electric Vehicle Output Hit Due to Magnet Supply Issues
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LN24 / 6 months
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India’s Bajaj Auto has issued a warning that continued delays in obtaining rare earth magnets from China could severely disrupt its electric vehicle production by July. China dominates over 90% of the global processing capacity for these magnets, which are essential for electric vehicles, clean energy technologies, and household appliances. In April, China introduced new […]