As the government has increasingly focused on development of environmental protection and energy conservation, rare earth permanent magnet materials have great developmental potential in field of new energy cars and wind power. Rare earth magnetic materials play important role in performance and efficiency of new energy cars. The application and utilization, to some extent, reflect developmental level of a country’s high and new technology.
In February, 2014, after inspecting BYD, Premier Li Keqiang indicated that new energy cars, especially new energy bus, would improve urban noise and pollution. During the process of promotion of using new energy cars, the government should serve as a model. This will trigger investment enthusiasm of market and fund in new energy car industry.
This year, the report on government’s work of Premier Li explicitly points out promotion of new energy cars, governance of motor vehicle exhaust and enhancement of oil standard and quality. Furthermore, government’s report mentions many times energy conservation, emission reduction and environmental protection, which manifests government’s resolution. Therefore, development of new energy cars will become the top priority in managing environmental pollution and development of auto industry.
It shows that state will promote new energy cars’ development, mass production and popularization. New energy cars are bound to be the developmental trend of future automobile industry. The development will boost a series of related industry. Especially for hybrid energy cars, electric cars and fuel cell vehicles, small driving motors with high-power is necessary, which demand a great deal of permanent magnets .
Hence, it is simple to calculate that how many rare earth metals hybrid cars need. In the near future, hybrid energy cars will become a mainstream of car market. In addition, electric cars, similarly, consuming a lot of rare earth, now are tending to be gradually popular.
In fact, the importance of rare earth to future car industry is obvious. In 2015, sales of new energy cars have exceed 500 thousand.
Because of close relation between rare earth and new energy cars, development of new energy cars has been put on agenda of government’s work, which undoubtedly gives wings to rare earth industry. Some data shows that utilization of rare earth multiply from the appearance of new energy cars in our country.
China Rare Earth Magnet Limited
Tags: Rare Earth Magnet
