With the rapid development of consumer electronics, wind power, and new energy vehicles this year, rare earth NdFeB permanent magnet materials are the third generation of rare earth permanent magnet materials. Among them, high-performance NdFeB is widely used. Among them, wind power and new energy vehicles are the most The main industry. Among them: the amount of neodymium iron boron corresponding to the installed capacity of wind power is about 0.67kg. New energy vehicles consume 5-10kg of NdFeB per pure electric vehicle, 2-3kg per plug-in hybrid vehicle, and 1-2kg per hybrid vehicle.
The products of BFXT Rare Earth Magnetic Material Technology Group, a leading manufacturer of high-performance NdFeB permanent magnet materials in China, are widely used in the field of new energy vehicles. The rapid development of the new energy vehicle industry provides high-performance rare earth permanent magnet materials a good development opportunity.
BFXT Group currently has 4 enterprises specializing in the production of high-performance NdFeB permanent magnet materials, with a production capacity of 34,000 tons/year, occupying most of China's high and mid-end permanent magnet materials market.