The EPS steering systems is the NdFeB main application in the traditional automotive.Each EPS system will use 0.15kg NdFeB magnets, equivalent blank is around 0.25kg, according to the global 2016 car production of 94.98 million and 50% of the EPS system permeability calculation, the global blank consumption of NdFeB in EPS system is at least 1.18 Million tons. The steering system of the car plays a key role in car handling stability and safety. HPS steering system is driven by the engine,hydraulic power, the system technology is mature,but its disadvantage exists too many components,large size and heavy weight. EPS steering system is fully driven by electronic control servo motor, with a compact, efficient and reliable, energy saving and environmental protection, high security and other advantages,the HPS system has will gradually be replaced by EPS become the consensus of the market.

With the high-end models of the car’s stability and security requirements, EPS in the global traditional vehicle penetration gradually increased from 9% in 2010 to the current 50% or so. EPS system in the domestic car penetration rate is currently between 40-45%, while the European and American market EPS penetration rate has been more than 80%, Japan has reached 90%, therefore, the domestic EPS market is still very large growth space. According to the following assumptions: 1) Annual growth rate of domestic automobile is 5% year on year in 2017 and 2018, and annual growth rate of global automobile is 4% year on year; 2) Domestic EPS permeabilityis is 4.5%, 3% is the global permeability,in 2017 and 2018,the domestic growth rate of EPS system is around 15%, the global EPS system growth rate is around 10%. ”