January 8, the latest disclosure of the Ministry of Industry website shows that in order to strengthen the new energy vehicles, motor and rare earth permanent magnet materials and other industrial chain synergies, to promote joint research upstream and downstream enterprises, January 5, 2018, China Association of Automobile Manufacturers, China Rare Earth Industry Association organized a meeting on the cooperation mechanism of upstream and downstream of rare earth permanent magnet materials for drive motors of new energy vehicles in Beijing. Beiqi New Energy, Yutong Bus, Geely Automobile, BYD Auto, North Rare Earth, Xiamen Tungsten, Harbin Institute of Technology and other representatives of more than 20 units attended the meeting.

At the meeting, Li Wei, director of the Department of Materials Industry, pointed out that the driving motor is the "heart" of new energy vehicles, while the rare earth permanent magnet material is the preferred material for driving the motor. Rare earth permanent magnet motor can greatly reduce motor weight, reduce motor size, improve work efficiency. The establishment of upstream and downstream cooperation mechanism is conducive to get through the development of new energy vehicles, drive motors and rare earth permanent magnet materials and other industries development obstruction, the realization of mutual benefit and win-win industrial chain. He said that the current state attaches great importance to the development of new material industry, which brings unprecedented opportunities for the development of upstream and downstream cooperation mechanism of rare earth permanent magnet materials.

In addition, Qu Guochun, deputy director of the Department of Equipment Industry, also said that in recent years, China‘s new energy automotive industry has made remarkable achievements in the development, but the vehicle cost and ease of use compared with the traditional fuel vehicles, has not yet formed a competitive advantage, Europe, the United States Multinational auto companies are also catching up, need to consolidate the first-mover advantage of new energy vehicles. The establishment of upstream and downstream cooperation mechanism for promoting product performance and scale applications are necessary.

He also stressed that through the mechanism innovation and vehicle traction, the formation of a new energy vehicles, motor coordinated development of key components of the motor and the development of magnet materials collaborative innovation and good collaboration to solve the low utilization rate of permanent magnet materials and the standard system is not Improve the problem, and then to achieve drive motor performance and cost reduction.