Jaguar Land Rover parent Tata Motors responds to China's rare earth export restrictions

In the face of China's rare earth export restrictions, India's Tata Motors said its electric vehicle launch plan is still on schedule. Tata Motors Chief Financial Officer PB Balaji said that the supply chain is currently operating normally, there has been no production reduction, and no adjustment to the production plan. However, if the rare earth supply deteriorates significantly, a reassessment may be needed. Tata Motors is studying how to reduce the proportion of rare earth magnets in cars and is committed to achieving a technological breakthrough in completely eliminating rare earths.