Gelonghui, May 16, 丨 Jinli Permanent Magnet (300748.SZ) recently said during a survey receiving institutional investors that orders and demand from the company's major customers in the NEV and auto parts sector have remained stable, and the company's products are used by the world's top ten NEV manufacturers to produce drive motors.
In March 2024, the State Council issued the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-In”, which proposes the implementation of four major actions: equipment renewal, consumer goods trade-in, recycling, and standard upgrading. By 2027, the amount of scrapped cars recycled will almost double compared to 2023, the volume of used car transactions will increase by 45% compared to 2023, and the amount of waste household appliances recycled will increase by 30% compared to 2023. Rare earth permanent magnet materials have an indispensable central position in promoting high-quality development such as intelligent manufacturing and green manufacturing.