Neo Performance Materials wins sintered magnet supply award from European EV Tier 1 manufacturer

Neo's subsidiary Magnequench Sintered Magnets was awarded a contract to supply sintered rare earth magnets to a leading European Tier 1 EV traction motor manufacturer. Peak volumes represent 35% of Phase I capacity, with production revenues projected from H2 2026 through 2033.

“We welcome this significant commercial validation from a Tier 1 EV motor manufacturer.”newswire.ca

• 5 sources
• newswire.caNeo Wins New Award with Leading European Tier 1 Manufacturer of EV Traction MotorsNeo Performance Materials, Inc.Aug 6, 2024
• autotechinsight.spglobal.comNeo Performance secures major deal with European EV supplier - Automotive Technology Insight | Forecasts | Industry News | Supply ChainAug 8, 2024
• magneticsmag.comNeo Magnequench Wins Contract in Europe with Tier 1 Manufacturer of EV Traction Motors - Magnetics MagazineEditorial StaffAug 21, 2024
• metal-powder.techNeo’s new European sintered rare earth magnet subsidiary wins major EV supply contractAug 21, 2024
• epma.comNeo’s new European sintered rare earth magnet subsidiary wins major EV supply contract – EPMA Association

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