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Ola Electric, TVS charge up plans to beat rare-earth magnet crunch
Surajeet Das Gupta New Delhi
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Ola Electric is planning to launch in the third quarter (September-December) some of its electric vehicles powered with ferrite motors as an alternative to those that go with heavy rare-earth magnets, whose supply the Chinese government has choked.
Government sources Ola is in discussion with have said the company has been working for over two years on developing the technology and design for ferrite motors, where the magnet is made of iron (with some other metals added). The prototype has been internally validated and is being tested on some of its vehicles.
The company has to go to the Automotive
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