British auto supplier Dowlais eyes US rare earth magnets for EVs
The company looks to source more parts locally and benefit from subsidies provided by the IRA
British auto supplier Dowlais is developing rare earth magnets for production in the US market as carmakers look to source more parts locally and benefit from subsidies provided by the Inflation Reduction Act (IRA), its top executive said to Reuters according to its report dated April 20.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
