In this paper, a novel hybrid permanent magnet memory motor is proposed, in which ferrite magnets are used as the low coercive force (LCF) magnets, and the rotor topology is improved. MMF is closely related to the magnetization of the ferrite magnets, and according to the relationship between the MMF and the number of rotor poles, the number of rotor poles is determined. The EMF under no-load condition and the torque under full load condition are analyzed to determine the number of stator slots. A 27-slot/6-pole structure is adopted in the novel motor. And, based on this structure, the EMF and the remagnetization characteristic of the ferrite magnets are analyzed under a series of different dimensional parameters. As a result, the influence of each parameter on the performances of the motor is obtained, which provides a reference for the design of this kind of motors. A prototype is designed and fabricated,while its performance is examined with both simulation and measurement.