Rare earth producer JL Mag expects boost from China’s growing NEV sector

//Rare earth producer JL Mag expects boost from China’s growing NEV sector

Rare earth producer JL Mag expects boost from China’s growing NEV sector

JL Mag Rare-Earth, a producer of rare earth permanent magnets, expects new energy vehicles (NEVs) to account for most of its sales over the next few years, according to its chairman.“New energy vehicles is our focus market area now,” Cai Baogui said during a press conference on Monday. “The company’s fastest growing field in the next three years will be NEVs.”He added that JL MAG was also committed to fighting climate change, and will help in achieving carbon neutrality both in China and around…

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By | 2022-01-03T11:21:09+00:00 January 3rd, 2022|Business|Comments Off on Rare earth producer JL Mag expects boost from China’s growing NEV sector