Xinsheng Yongci focuses on R&D, production and sales of high-performance NdFeB permanent magnetic materials used across energy, transportation, machinery, medical, consumer electronics, home appliances and aerospace sectors. The company is a national high‑tech enterprise and a supplier for new-energy and energy‑saving applications. It highlights proprietary technologies including a nano coating and advanced grain-boundary diffusion methods that the company says give it strong competitive advantages. Products serve traditional and new-energy vehicles, wind power, industrial applications, consumer electronics, inverter air conditioners and elevators. Management says 2022 output value was expected to continue rapid growth over 2021. The company plans to continue investing in technology upgrades and to pursue greater scientific, intelligent, digital and international development.

Total raised

$100M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2022