Core role of rare earth permanent magnet materials in new energy vehicles

Rare earth permanent magnet materials are the core components of new energy vehicle drive motors, especially with the application of high-performance sintered NdFeB permanent magnet materials, the efficiency, power density and reliability of motors have been significantly improved. With the continuous growth of global new energy vehicle sales, it is expected that by 2025, the demand for rare earth permanent magnet materials will usher in explosive growth. The rapid development of the new energy vehicle industry has brought unprecedented market opportunities for the rare earth permanent magnet materials industry, and has also promoted the continuous innovation and upgrading of industry technology.