Recently, Jl Mag Rare-Earth (300748.SZ) stated during its reception of institutional investor research that the orders and demands of the company's major customers in the new energy vehicles and auto parts fields remain stable, and the company's products are used for producing driving motors by the top ten new energy vehicle manufacturers globally.
In March 2024, the State Council issued the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Replacement," proposing four major actions: implementing equipment renewal, consumer goods replacement, recycling and reuse, and enhancing standards. By 2027, the scrap car recycling volume will increase by about twice the amount in 2023, the second-hand car transaction volume will increase by 45% compared to 2023, and the waste household appliances recycling volume will increase by 30% compared to 2023. Rare earth permanent magnets play an indispensable core role in promoting high-quality development in intelligent manufacturing, green manufacturing, and other processes.