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Allison invests in the development of non-rare earth permanent magnets

By Luke Willetts – 18th March 2024

Allison has invested in Niron Magnetics, a company specialising in the development of sustainable non-rare earth permanent magnets. Allison is hoping that this investment helps develop sustainable permanent magnets to be used in its e-axles, thereby using less critical rare earth materials, adding to the long-term sustainability of its business.