On December 12, the completion ceremony of the first phase of the North Jasung Permanent Magnet Motor production base was held in the rare earth High-tech Zone. Baotou Rare Earth High-tech Zone Management Committee Deputy director Hou Zhixue, Baotou Steel (Group) Company Party Committee standing Committee, deputy general manager, Northern Rare Earth Party Committee secretary, Chairman Wang Chen, Jiangsu Jiaxuan chairman Fu Jie, Baotou City Bureau of Industry and Information Technology leaders, Baotou Steel, Northern Rare Earth, Baotou Aluminum, Baotou Steel Xichuang, North Jiaxuan and other relevant units, department heads attended.

The North Jasung Permanent Magnet Production Base project is a strong combination of North Rare Earth and Jiangsu Jasung, which is implemented to meet market demand, extend the rare earth industry chain, expand the application space and field of rare earth, and is an important measure to accelerate the construction of "rare earth two bases".

Since the joint venture between North Rare Earth and Jiangsu Jasung established North Jasung, with the goal of anchoring the construction of "the world's largest rare earth new material base and the world's leading rare earth application base", North Jasung has given full play to the resource advantages of North rare earth, the technical advantages and innovation capabilities of Jiangsu Jasung . Industrial collaboration and complementary advantages in technology, market, brand, talent and production and operation management are based on opening up the rare earth permanent magnet motor industry chain, systematically planning the construction of permanent magnet motor projects, and promoting the terminal application of rare earth materials.

Up to now, the project has successfully completed the construction of permanent magnet motor flexible production line, comprehensive motor test platform, open laboratory, etc., which can achieve full coverage of permanent magnet motor products of all voltage levels of 1600kW and below, and meet the production requirements of all kinds of permanent magnet motors, such as general efficient permanent magnet motors, permanent magnet direct drive motors, permanent magnet deceleration integrated machines, and engineering vehicles.

The formal completion of the North Jasung Permanent Magnet Motor production base also marks a new milestone in the process of Jiangsu Jasung globalization strategic layout, production base localization and localization.