[ad_1]
New Delhi2 minutes ago
- Copy of Link
The impact of ban on export of valuable metals (rare economy) from China has begun to appear in the Indian EV market. The country’s top electronic bilingual companies are about to reduce the production of Bajaj Auto, Ather Energy and TVS motor.
According to the ET report, Indian companies have been fighting for the lack of rare economy to import from China for the past 4 months. These magnets are extremely important for electric motors and they are having difficulty making electric vehicles without electric vehicles. Reduced production can increase electric bilateral prices.
Electronic
- Bajaj Auto: Bajaj, India’s second largest EV biennial company, is about to reduce its production. Already the problems have started on his conscious line.
- Ather Energy: This Bengaluru company is planning to reduce production by 8-10%.
- TVS Motor: Over the past 3 months, the number one company in sales has also been forced to reduce production. “The shortage of magnets in the EV supply chain has increased the challenges in the short and medium term,” the TVS spokesman said.
- Ola Electronic: Production has no effect, because the OLA has 5-6 months of magnetic stock and is also thinking of increasing production. According to the OLA spokesperson, “Our production has no effect.”
These 4 companies make 80% of the electronic two-wheeler sold in India.
The central government is talking to China
The automobile industry and the central government are talking to China, so that the magnetic supply will resume. Apart from these, countries like Vietnam, Indonesia and Japan are also in discussions for supply, but no solution has been found yet. In June, the Indian Automobile Manufacturer Society (SIAM) warned that if the supply does not start soon, manufacturers may have to reduce production.
If China’s restrictions go on, EV will be expensive
If China’s restrictions remain, it will see its impact on the worldwide electric vehicle -making companies. The price of raw material will increase, which can also increase the price of train. The impact of this will gradually be seen in all markets including India. Experts in India have warned that the production of electric and ice vehicles may stop if import from China is not soon started.
Manufacturers in India provide 6 to 8 weeks
According to a Business Standard report, the production of EV original equipment in India has 6 to 8 weeks of REM supply, and CNBC-TV 18, TVS motor managing director Sudarshan Wenu has said that China’s ban on June or July production can be seen. If this happens then there may be problems for Indian EV producers.
Where are the rare money materials used in the car
Rare materials are especially used in electric vehicles. They are used to create compact and high effective megate for permanent magnetic electric motors.
These magnets, such as neodemium, dysprosium and terbium, create more skills in motor, small, light and other options, which are necessary to improve the range and performance of EV.
They are also used in auto components installed in ice vehicles such as ice -vehicles. In addition to these, these metals are used to display many systems from sensor to both EV and ice.
China’s about 70% partner in rare materials mine
Let us know that China is about 70% in the case of rare materials at the global level and up to 90% in production. China recently banned export of 7 valuable metals (rare economy) in the US growing trade war.
China has also shut down the magnets of the magnetic need to combine in cars, drones and robots and missiles. These materials are very important for automobile, semiconductor and space business.
Export will only be done through special permits
April 4, China has issued orders to ban the export of these 7 valuable metals. According to the order, these precious metals and special magnets made from them can only be sent out of China with special permission.
To order magnets from China, companies have to give ‘last-use certificate’. It should be noted that these magnets are not for military purposes.
[ad_2]
Source link
