Lead Story
Sep 28, 2026
Neo Performance Materials Begins Commercial EV Traction Magnet Production in Estonia
Neo Performance Materials has started commercial production of rare earth sintered magnets at its Estonian plant, with first volumes delivered to a Tier 1 EV traction motor customer. Three Tier 1 motor manufacturers have awarded Neo multiple magnet programs, and the company expects two to three programs in commercial production by the end of 2026.
Priya Sharma