The market size of new energy vehicles exceeds 20 billion.

By 2020, it is expected that the annual output of domestic hybrid vehicles will reach 1.24 million units, and the annual output of pure electric vehicles will exceed 4 million units. A conservative estimate indicates this will bring about an annual demand of 44,000 tons of high-performance neodymium iron boron, with a market scale exceeding 20 billion yuan. Key listed companies within the industry, such as China Three Rings and Ningbo Yunsheng, will fully enjoy the benefits brought by the high-speed growth of the industry, and their prospects are worth paying attention to.