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Zhejiang Hero New Materials develops and manufactures magnetic materials and magnetic cores.
Established in 2024 and based in Huzhou, China, Zhejiang Hero New Materials develops and manufactures nanocrystalline ribbons and magnetic core products. It supplies China’s new energy vehicle and photovoltaic energy storage sectors. The company, originally established as a wholly owned subsidiary of Hero Magnetics, closed a venture funding round in March 2026.
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