In December 2024, Hangzhou CMR Magnetics Co., Ltd. (CMR) was designated a “Zhejiang High-Tech Enterprise R&D Center” by the Zhejiang Provincial Department of Economy and Information Technology. The center will focus on R&D of ultra-nanometer magnetic materials and inductive components, fueling CMR’s innovation in new energy and high-frequency magnetic components and solidifying its leading technical standing in the industry.