“The simplest engineering solution for a drive train on an electric vehicle is to use a permanent magnet synchronous motor, and those permanent magnets are made of REEs,” Jon Hykawy of Stormcrow Capital told the Investing News Network in an interview.

Source: https://investingnews.com/ucore-announces-closing-of-final-tranche-of-private-placement-for-total-gross-proceeds-of-4-82-million/