On June 5, GeLongHui reported that YueAn New Material (688786.SH) announced on its investor platform that the iron-based stator material developed by the company has three advantages compared to traditional silicon steel materials: higher saturation magnetic induction intensity, higher thermal conductivity coefficient, and lower intermediate and high frequency loss. The motor made with this material as a replacement for silicon steel sheets has higher efficiency (low iron loss and energy saving), higher energy density (smaller heat dissipation module), and higher torque (high saturation magnetic induction intensity). Due to its outstanding energy-saving effect, it has certain market space in the application scenarios of medium and high frequency motors such as electric vehicles and rail transit. The company has been working with an overseas customer for a few years and has completed conceptual verification. It is understood that the customer is currently in the stage of prototype testing with an end-terminal vehicle manufacturer. The company cannot predict the completion time of the end-terminal vehicle factory's verification.