Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2025
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Source: Reuters
Siemens Gamesa's Production Plans: Siemens Gamesa is negotiating with Chinese suppliers to potentially relocate rare earth permanent magnet production to Europe, aiming to reduce reliance on imports amid export permit delays from China that threaten European manufacturing.
Company Strategy and Future Goals: The company is diversifying its supply chain, including a recent deal with Japan's TDK for magnets, while also focusing on stabilizing its onshore wind division and targeting profitability by 2026 despite past quality issues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
