Producer
Ningbo Yunsheng
Major Chinese NdFeB producer with strong EV and wind turbine segments. Revenue ~¥5B (2024). Operates in Zhejiang; has production facilities near key coastal industrial clusters. Supplies Siemens, Volkswagen Group, and Japanese automakers for EV motor magnets. One of the first Chinese magnet producers to establish a European-certified supply chain.
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Sintered NdFeB Magnets
75%Bonded & Specialty Magnets
15%Magnetic Components
10%
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Did you know2023
Ningbo Yunsheng is one of the few Chinese NdFeB permanent magnet producers to have established European automotive supply chain certifications (IATF 16949) and verified supply chain traceability for rare earth sourcing -- building supply chain infrastructure specifically to meet Volkswagen Group and Siemens requirements for non-Xinjiang-sourced rare earths. This market positioning makes Ningbo Yunsheng a bridge supplier: a Chinese company producing Chinese magnets, but certified to Western supply chain standards, filling the gap between Western automakers that cannot use Xinjiang-tainted magnets under UFLPA compliance rules and the reality that virtually all NdFeB magnet manufacturing expertise and scale is in China. Their Zhejiang coastal location, close to Shanghai port logistics, supports export-optimized operations.
Ningbo Yunsheng Co. Ltd. ↗