Honda will first apply this hot deformed neodymium magnet with absolutely no heavy rare earth to the Honda SPORT HYBRID i-DCD*2, a hybrid system Honda will adopt for the all-new FREED scheduled to go on sale this fall. Honda will continue expanding application of this technology to new models in the future.
With the newly-developed hot deformed neodymium magnet, Daido Steel will make a new entry into the market for magnets used for drive motors of hybrid vehicles, which has been basically monopolized by sintered neodymium magnets. Starting next month, August 2016, Daido Electronics will begin the mass-production and shipment of this magnet using a new production line that the company built in its factory (located in Nakatsugawa City in Gifu Prefecture in Japan) using a subsidy*3 received from the Japanese Ministry of Economy, Trade and Industry (METI).
Moreover, Daido Steel will continue pursuing the development of heavy rare earth-free magnets with further improved properties.
Furthermore, Daido Steel has been procuring magnetic powder, the raw material for magnets, from Magnequench International Inc. (located in Toronto, Ontario, Canada), and Daido Steel will work together with Magnequench to develop new types of raw magnetic powders for the purpose of realizing enhanced magnetic properties.
*1 Heavy rare earth is one of three (light, medium and heavy) categories of rare earth.
*2 i-DCD stands for Intelligent Dual Clutch Drive
*3 The subsidy METI offered in 2012 to promote investments in advanced facilities and equipment which help address the issues of yen appreciation and energy constraints