European Tier 1 supplier of EV traction motors

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20252026

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Jul 11, 2025CONTRACTNarva, Estonia, Estonia$50.0M
Neo Performance Materials secures $50M magnet supply deal with European EV clients
Neo Performance Materials has won a supply contract for rare earth permanent magnets with a new European Tier 1 supplier of EV traction motors and a leading automotive OEM, projected to generate approximately $50 million in cumulative revenue. The magnets will be manufactured at Neo's facility in Narva, Estonia.
Neo Performance Materials Inc.European Tier 1 supplier of EV traction motors customer leading automotive OEM customer #Automotive Components emobilityplus.com

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