Department of Raw Materials Industry Department of Equipment Industry jointly held a symposium of the Mechanism leader.

In order to further develop the role of the upstream and downstream cooperation mechanism of rare earth permanent magnet materials for new energy vehicle drive motors, and promote cooperation in new product development, results sharing, and standard setting among permanent magnet materials, drive motors, and new energy vehicle companies, 2019 On April 3, the Department of Raw Materials Industry and the Department of Equipment Industry organized a symposium of the cooperation mechanism leader.

The meeting reported on the work and achievements of the cooperation mechanism since its establishment, analyzed the existing problems, discussed the impact of the adjustment of new energy vehicle subsidy policies on upstream and downstream enterprises, and initially proposed the key work in 2019. The participating units believed that the cooperation mechanism established a platform for exchanges and interactions for enterprises, accelerated the construction of relevant standards systems, and promoted the application and development of low-cost magnets, benefiting both upstream and downstream enterprises. Everyone unanimously stated that they will further improve exchanges and cooperation, fully mobilize the enthusiasm of enterprises in all links of the industrial chain, strengthen common technology research and development, and carry out joint research in reducing production costs and applications of neodymium magnets, and continue to improve relevant technologies and product standards. Really play the overall coordination role of cooperation mechanism.

Representatives from China Automotive Industry Association, China Rare Earth Industry Association, Beiqi New Energy, Jingjin Electric, Zhongke Sanhuan, Iron and Steel Research Institute, and Rare Earth Standardization Committee attended the meeting.