Ningbo Permanent Magnetics Co., Ltd. was established

Achieved ISO 9000 Quality Management System certification

Achieved ISO/TS 16949 Automotive Quality Management System certification

N46 NdFeB Permanent Magnet recognized under the National Torch Program and designated as a National Key New Product

N42UH Sintered NdFeB Magnet for Automotive Motors recognized under the National Torch Program

Accredited as a National High-Tech Enterprise

Certified to ISO 14001 (Environmental) and OHSAS 18001 (Occupational Health & Safety) management systems

Company R&D Center recognized as a Provincial High-Tech Enterprise R&D Center

Completed a National 863 Program key sub-project on the industrialization and application of high-performance sintered rare-earth permanent magnets

Developed and commercialized Grain Boundary Diffusion (GBD) technology

Implemented an ERP system to support digital operations

Completed the R&D and industrialization project for sintered rare earth permanent magnetic material with high resistivity and high coercivity

Upgraded quality management systems and achieved IATF 16949 certification

Undertook key R&D and industrialization projects on composite GBD technology, Low-HRE 48SH, and HRE-Free 50H NdFeB magnets

Recognized as a National Specialized and Innovative 'Little Giant' Enterprise

Participated in two sub-projects of the national science and technology project 'HRE-Free High-Coercivity Sintered NdFeB Magnets and Key Technologies', led by NIMTE, Chinese Academy of Sciences

New manufacturing facility commenced full operation

Honored with the 'Manufacturing Quality Benchmark of Zhejiang Province' award

Powering Innovation for a Greener, Smarter and More Efficient Future