We sincerely welcome your business, and look forward to good cooperation. 
Product Inquire
Magnets in New Energy Vehicles
Home » Blogs » knowledge » Magnets in New Energy Vehicles
You are here: Home / Blogs / knowledge / Magnets in New Energy Vehicles

Magnets in New Energy Vehicles

Author: Site Editor     Publish Time: 2022-02-25      Origin: Site

Under the support of the national policy, production of new energy vehicles is increasing greatly. And benefiting from this, demand for neodymium magnets is increasing continuously.

2021 was a record year for sales of new-energy vehicles (NEVs) in China. According to data from the Ministry of Industry and Information Technology (MIIT), the country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Both figures were up around 160% from 2020. In 2021, NEVs made up 13.4 % of the country’s entire car market.

Magnets in New Energy Vehicles

Neodymium magnets are one of the most important applications of rare earth magnets, and demand for them is increasing greatly, owing to a strong rise of new energy vehicles sales volume.

According to the data displayed, a hybrid vehicle needs 3 kilograms more neodymium magnets than a traditional vehicle, and a pure electric vehicle needs 5 to 10 kilograms. According to the above, there is a huge potential market for neodymium magnets.

The rapid development of new energy vehicles overseas will also give impetus to our country. Though it still needs more time for new energy vehicles industry to be large-scaled, new energy vehicles have been promoting the development of permanent magnets industry.

Ningbo Bestway Maget Co.,Ltd produce various of magnets which used new energy vehicles motors, such as 45SH 42UH 45UH.You are welcome to contact us if you need more details.

Hello Customers

Mr. Thomas is a highly respected professional when it comes to magnet production and sales. He has over 20 years of extensive experience in the field of magnets, and his expertise and experience as a professional enable him to provide excellent services to his clients.

Mr. Thomas has become a trusted partner of his clients with his excellent communication skills and deep industry understanding. Not only can he answer customers' technical questions about magnet products, he can also provide targeted suggestions to ensure customers choose the products that best suit their needs.

Related Blogs

content is empty!

Get in touch
Ningbo Bestway Magnet Co. Ltd. is a professional and high-tech company which is committed to research, manufacture and develop of Rare Earth Magnet since 2000 located in Ningbo, China.

Product Links

Get In Touch

     No.2 Meifang Road, Dongqian Lake
       Tourism Resort, Ningbo, Zhejiang,

     +86-574-87504597, 27788030

     +86-574-87506907, 87506697


Get in touch
©  2019 Ningbo Bestway Magnet Co., Ltd.  All Rights Reserved.