High-tech Industry Drives Rare Earth Permanent Magnet

As the country vigorously promotes the new energy automobile industry, friends around Lu began to buy new energy vehicles. For the car license plate in big cities for a long time not in friends, new energy saves the cumbersome license plate. New energy vehicles compared with traditional cars, the main difference is that new energy needs to rely on permanent magnet drive motor.

According to the research report, Tesla Model3 and most domestic new energy vehicles are used by permanent magnet synchronous motor. The average consumption of NdFeb magnetic material for a single car is 3KG. Considering the 60% loss, the blank volume is reduced to 5KG. In 2025, it is expected that the global new-energy electric vehicles will exceed 12 million, and the penetration rate will exceed 10%. The consumption of corresponding magnetic material is expected to increase from 12,000 tons in 2020 to 60,000 tons in 2025, with a compound growth rate of 35% +. By calculating the consumption of various fields, it is found that new-energy vehicles contribute about 60% of the consumption of magnetic materials.

In fact, in addition to the use of rare earth permanent magnet for new energy electric vehicles, we have another application scenario EPS (electronic assisted steering system) that cannot be ignored. We know that the steering of traditional vehicles is assisted by hydraulic pressure, but with the continuous development of carbon neutrality, the requirements for energy conservation and environmental protection are higher. Therefore, given that EPS penetration rate in the Chinese market is only 40%-45% at present, there is still a lot of room for growth. The following is a list of EPS estimates for Ndfeb usage.

In addition to strong magnetism, rare earth permanent magnet can meet the new energy efficiency standards proposed by the state in terms of energy efficiency. Fixed-frequency air conditioners will be withdrawn from the market and replaced by variable frequency air conditioners. In addition, as the country vigorously develops energy that can replace coal power, wind power will also welcome policy benefits in the general trend of carbon neutrality. If the installed capacity increases by 5% every year, it will reach 17,500 tons in 2025.