UQM Technologies, Inc. (NYSE:UQM) announced that it has made significant development with the non-rare-earth magnet electric motor design, which is part of the work being done under the Department of Energy (DOE) Advanced Research and Development Grant.
As quoted in the press release:
The key to using non-rare-earth magnets in electric motors for vehicles is our patent-pending motor geometry, which in part defines the shape and magnetization direction of the permanent magnets,” said Jon Lutz, UQM Technologies Vice President of Engineering. “The completion of the electromagnetic design and analysis task is a significant step in the process of advancing motor and generator technology for electric and hybrid electric vehicles, providing an alternative to rare-earth magnets in permanent-magnet motor designs
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