Neo Performance secures major deal with European EV supplier
This noteworthy deal accounts for approximately 35% of Magnequench Sintered Magnets' final magnet capacity at its new European plant
In a press release dated Aug. 6, Neo Performance Materials has announced that its subsidiary, NPM Narva OÜ, known as Magnequench Sintered Magnets, has secured a contract to supply sintered rare earth magnets to a top European tier 1 electric vehicle traction motor supplier.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
