Ningbo Yunsheng 宁波韵升
China · Ningbo
alternative to VAC / Shin-Etsu / Proterial
Sintered and bonded NdFeB magnets and magnet assemblies for NEV drive motors, consumer electronics, servo motors, elevators and robots. Sold about 14,200 t of NdFeB magnets in 2025, made at bases in Ningbo and Baotou.
Why it fits
- Rare-Earth Magnets
- Component maker
- Cost-effective
Regional alternatives
Product facts
- Segment
- Rare-Earth Magnets
- Supply-chain stage
- Component manufacturing
- Main end uses
- EVs, Electronics, Industrial
2025 annual report: 14,856 t of NdFeB produced and 14,197 t sold; its magnets went into 2.95M domestic NEV drive-motor sets, which the company puts at 23% of China's 2025 NEV passenger cars (Apr 2026).
Regulatory & supply-chain notes
Exporting NdFeB magnets that contain terbium or dysprosium from China needs a MOFCOM dual-use export licence; it is a licence requirement, not a ban.
China export control (MOFCOM) · MOFCOM/GAC Announcement No. 18 of 2025 · in force since 2025-04-04 · source ↗
Would require companies outside China to get a MOFCOM licence before re-exporting these magnets or goods built with them to a third country; suspended until 10 Nov 2026 by MOFCOM/GAC Announcement No. 70 of 2025.
China export control (MOFCOM) · MOFCOM Announcement No. 61 of 2025 · suspended until 2026-11-10 · source ↗
Company & market
- Parent company
- Yunsheng Holding Group
- Registered
- Ningbo
- Listing
- A-share
- Ticker
- 600366.SS
- Market cap / val. (USD)
- ~$1.6 B
- Foreign-investable
- Yes