And the rare earth permanent magnet contact more closely should be the new energy vehicles. The global new energy auto sales to 200000, continued explosive growth, more and more new models on the market and accepted by consumers, the development of new energy and hybrid vehicles for high-end ndfeb demand significantly. But compared with the traditional car of new energy vehicles to purchase and use or need the support of the government and the masses, so the key drivers of future growth in rare earth permanent magnet plate mainly comes from the government and people to the awakening of consciousness of energy conservation and environmental protection. Short of rare earth permanent magnet order bottoming out, long term perspective on heavy rare earths in the revaluation of investment opportunities. Energy conservation and environmental protection under the big background, the new energy vehicles has broad prospects for development light, if the future of new energy and hybrid cars growth optimism, 2013-2020 global ndfeb high-end demand growth could reach 17%, and stimulating aggregate demand growth of 13%. Currently rare earth permanent magnet industry differentiation has become increasingly significant, low-end has serious excess capacity, high production capacity is still inadequate. In the growth cycle in the downstream industry is expected to be more high-end product order for listed companies, will significantly benefit from the growth of new energy development will bring high ndfeb.