Established in December 2013,Ningbo Shuo Teng New Material Co., Ltd. is an enterprise specializing in the manufacture, sales and research and development of rare earth cerium permanent magnet materials, self-management and agency for the import and export of various goods and technologies. The company is located at No. 8 Xinxing Road, Xinxing Industrial Cluster Zone, Cixi City. Shuo Teng conducts joint research and development with the China Iron and Steel Research Institute, and applies the current world's advanced manufacturing technologies and processes. The company adopts dual main phase alloy preparation methods and scientific powder metallurgy technology to produce high-performance, low-cost permanent magnet materials which have become a new variety in the market. This has become a technological system and industrial chain system for industry-university-research for enterprise.In the next few years, Shuo Teng will closely aim at the forefront of the development of permanent magnet materials industry in the world. The company relies on scientific and technological advantages, based on existing equipment, breakthroughs with superior products, and oriented by domestic and foreign market demands to further expand and become stronger.