Neo Performance Materials starts commercial EV traction magnet production in Estonia

T2Covered by 1 source · first reported by electrive / Charged EVs / The Autopian / Sustainable Bus at 28 Sept, 14:12 UTC

Neo Performance Materials’ permanent magnet plant in Estonia, opened in 2025, is in commercial production, and the first commercial volumes of rare earth sintered magnets have gone to a Tier 1 EV traction motor customer. Three Tier 1 motor manufacturers have awarded Neo multiple magnet programs…

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Sources

• T2Neo Performance Materials starts commercial EV traction magnet production in Estoniaelectrive / Charged EVs / The Autopian / Sustainable Bus28 Sept, 14:12