This year the new energy vehicle charging pile is large-scale constructed in Beijing. Now, they have completed 100 public fast charging network sites in city area, and will start to construction soon. In 2014 they will finish 1000 public fast charge layout.

The rapid increase of the charge pile layout is supporting incremental pure electric vehicles, also means that rare earth permanent magnet applications for new energy vehicles will increase. The core component of new energy vehicles is drive motor. It needs to use NdFeB magnets to realize the best performance. The Further application and popularization of hybrid vehicles and electric vehicles will promote the sustainable development of neodymium magnet industry.

Tags: neodymium magnets rare earth permanent magnet Smco magnets