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Modal Motors skips rare-earth magnets to cut China out — SkimNews

By TechCrunch · Summarized & edited by · 2026-09-23
Modal Motors skips rare-earth magnets to cut China out

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Why it matters: The U.S. lacks a domestic rare-earth magnet supply, so continued reliance delays true supply chain independence. Modal Motors’ approach makes decoupling from China a near-term engineering challenge rather than a long-term resource gamble, affecting how quickly American industries can secure critical components.

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