eVAC Magnetics begins commercial production of NdFeB magnets

VACUUMSCHMELZE / eVAC Magnetics/Sumter NdFeB Magnet Plant

eVAC Magnetics began commercial production of sintered NdFeB magnet blocks in Sumter, producing magnets for automotive traction motors, aerospace, and defense applications. First shipments went to General Motors for EVs and to defense contractors.