As an important gathering place for China’s magnetic materials industry, Ningbo has formed significant technological synergies. Although Ningbo Jiayun Magnetic Industry was established relatively late, it has rapidly risen with patented technology and, together with enterprises such as Yunsheng, has strengthened the industrial image of Ningbo as a “city of individual champions”.

In terms of international competition, American companies such as MP Materials are attempting to challenge China’s dominant position in the field of rare earth magnets through policy support, but China still holds over 85% of the global market share. Relying on a complete rare earth supply chain and technological iteration capabilities, Ningbo Jiayun Magnetic Industry has become an indispensable force in the global industrial chain.