On October 28th, China Leading Supplier and Manufacturer for Sintered NdFeB permanent magnet ZKSH announced that the company and Tesla signed the "General Terms of Tesla Parts Purchase" on October 27.
The latter will purchase NdFeB magnets from the company. For October 27, 2016, the performance period is three years after the effective date, and the transaction price will be determined according to the order.
About ZKSH
The Group company has several neodymium-iron-boron permanent magnet manufacturing bases:
Ningbo Keningda,
Tianjin SH Lexi (a joint venture with Taiquan Metals),
Beijing SH Wacker (a joint venture with German vacuum melting),
Zhaoqing SH Jingyue
a bonded neodymium-iron-boron permanent magnet manufacturer
Shanghai SH (a joint venture with Seiko Epson);
a joint venture in a sintered neodymium-iron-boron permanent magnet manufacturer
Hitachi Metal Tricyclic Magnetics (Nantong) Co., Ltd. (a joint venture with Hitachi Metals),
a soft ferrite manufacturer
Nanjing Haitian Jinning Sanhuan Electronics Co., Ltd. (a joint venture with Nanjing Jinning Electronics Group and a joint venture with Dongguan Haitian Magnetics) and an amorphous soft magnetic tape production Enterprise-Tianjin SH Ona Technology Co., Ltd.
The main product of ZKSH is NdFeB, which is widely used in energy, transportation, machinery, information, home appliances, consumer electronics, etc., especially the rapid development of the global energy saving and environmental protection industry in recent years, which has promoted hybrid vehicles, electric vehicles, Energy-saving appliances, robots, wind power generation and other emerging applications. Zhongke Sanhuan is the representative enterprise of China's rare earth permanent magnet industry and one of the largest manufacturers of NdFeB permanent magnets in the world.
ZKSH has obtained Hitachi Metal NdFeB patent license. Its patented products have been exported to all parts of the world through the Beijing ZKSH International Trade Company under the "SANMAG®" trademark. ".