The mobility technology company Magna has been awarded a grant by the U.S. Department of Energy (U.S. DOE) to develop advanced electric motor technologies for next-generation vehicle propulsion systems.
In partnership with the Illinois Institute of Technology and University of Wisconsin-Madison, Magna is to develop a high-performance electric motor that aims to achieve increased power density and reduced cost compared to current e-motors.
The objective is to develop an electric motor that is half the cost and eight times the power density, while delivering 125 kW of peak power. The cost reduction is the result of eliminating the use of rare-earth permanent magnets, which make up a significant portion of electric-motor cost.
Swamy Kotagiri, Chief Technology Officer, Magna, says: “Magna’s mission is to make the impossible possible by solving some of the auto industry’s most complex problems. Reducing dependency on rare-earth magnets solves two key issues for accelerating access to electrification – supply chain sourcing and cost.”
The electric motor technologies will be presented to U.S. DOE for evaluation in 2021.