Dongyang Tianqi Motor Magnetic Tile Co., Ltd. (formerly Shuangyang Magnetic Tile) is located in Hengdian Electronic Industrial Park, Dongyang City, known as the "Magnetic Capital". Founded in 2003, it is a company specializing in the production of permanent magnetic ferrite tiles and NdFeB used in motors. The company covers an area of more than 20 acres, with a construction area of more than 30,000 square meters. It currently has more than 100 employees and 25 professional and technical R&D personnel. It produces more than 5,000 tons of magnetic tiles annually. Products are widely used in different fields, such as automobile motors, treadmill motors, cleaning machine motors, nuclear magnetic resonance, household appliance motors, garbage disposals, curtain motors, sewing motors, massage motors, instruments, magnetic transmissions, aviation and navigation, medical equipment, etc.