Published by Global Banking & Finance Review®
Posted on November 20, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleValeo respects Renault's decision to discuss with a Chinese supplier for a rare earths free motor, aiming for a more powerful and cost-effective EV solution.
-Valeo "respects" Renault's decision to launch a discussion with a Chinese supplier for its next generation rare earths free motor, Xavier Dupont, the head of its power division said during a presentation to investors.
Renault said in late 2023 it was working with Valeo on a new, more powerful and more compact EV motor without rare earths but is now looking instead for a cheaper Chinese supplier, two sources familiar with the matter told Reuters last week.
(Reporting by Mathias de Rozario in Gdansk and Gilles Guillaume in Paris)
Rare earth elements are a group of 17 chemical elements in the periodic table, critical for various technologies, including electric vehicles and renewable energy systems.
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of gasoline or diesel, using electric motors and batteries for propulsion.
A supplier is a person or organization that provides goods or services to another entity, often playing a crucial role in the supply chain.
A compact motor is a smaller, more efficient type of electric motor designed to save space and improve performance in various applications, including electric vehicles.
Cost efficiency refers to the ability to deliver the desired output or service at the lowest possible cost, maximizing resources and minimizing waste.
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