Yantai Zhenghai Magnetic Material Co., Ltd. engages in the manufacturing and marketing of neodymium-iron-boron permanent magnets and other magnetic assemblies. It also provides new energy vehicle motor drive system. Its products are used in the fields of information technology, automobile, petrochemical, mechanics, aerospace, and medical. The company was founded on April 6, 2000 and is headquartered in Yantai, China.