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Ola Electric doubles down on rare earth-free motors to sidestep China curbs

Ola Electric is set to introduce rare earth-free motors in its vehicles by next quarter, a move accelerated by trade tensions and export restrictions. While navigating supply chain challenges, the company aims to ensure business continuity and cost reduction. Despite a challenging Q1 with declining revenue and vehicle deliveries, Ola Electric is focusing on improving gross margins and reducing expenses. 

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