Molded NdFeB, as a high-performance permanent magnet material, plays a crucial role in numerous fields thanks to its high energy product, excellent corrosion resistance, and good processability. In the automotive industry, it is widely used in components such as EPS (Electric Power Steering), micro-motors, and air conditioning compressors, significantly enhancing the performance and efficiency of vehicles. Meanwhile, in the new energy industry, especially in hybrid and electric vehicles, the use of molded NdFeB has increased substantially, effectively improving the efficiency and range of electric motors. Furthermore, the aerospace industry relies on molded NdFeB for various electrical systems in aircraft, enabling high performance and weight reduction of equipment. In the transportation sector, the efficient operation of high-speed trains, subways, and wind turbines also owes much to the contribution of molded NdFeB. In the consumer electronics field, molded NdFeB meets the demands for miniaturization and weight reduction in products like smartphones and tablets, providing users with a better experience. In the medical field, it has driven the development of MRI technology and is widely used in motors and sensors for medical equipment. Lastly, in the fields of artificial intelligence and smart manufacturing, molded NdFeB serves as a core component in robot drive motors, providing strong support for the development of intelligent robots.