# Neo Performance Materials secures rare earth magnet orders for EV traction motors

Neo Performance Materials has secured new contracts for rare earth magnets from a top Tier 1 supplier for EV traction motors. Commercial deliveries from its Narva, Estonia plant will begin in mid-2026, with capacity scaling from 2,000 to 5,000 tonnes per year.

- Type: Contract
- Announced: 2025-09-07
- Where: Narva, Estonia
- Status: announced
- Capacity: 2,000 to 5,000 tonnes per year
- Products: sintered rare earth magnets, NdFeB magnets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Neo Performance Materials Inc.](https://endata.com/companies/34625.md) (supplier)

## Sources

- [metalnomist.com](https://www.metalnomist.com/2025/09/neo-rare-earth-magnet-orders-expand.html), 2025-09-07: "Neo rare earth magnet orders will be supplied from Narva, Estonia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.