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Yantai Zhenghai Magnetic Material Co., Ltd.

Chinese maker of rare earth permanent magnets and magnet components

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What Yantai Zhenghai Magnetic Material does

Yantai Zhenghai makes powerful permanent magnets from rare earth materials, along with parts built from those magnets. These magnets go into electric motors and generators in cars, wind turbines, elevators, home appliances, factory automation equipment and electronics. The company is based in Yantai, China, and has been operating since 2000.

How Yantai Zhenghai Magnetic Material makes money

The company makes money by manufacturing rare earth permanent magnets and magnet components and selling them to manufacturers in the automotive, wind power, elevator, appliance, automation and electronics industries.

Products & services

Sector Technology Industry Electronic Components HQ China Ticker 300224.SZ Official site