Various sintered magnets containing $28{sim}31;wt%$ Nd and $0{sim}7;wt%$ Dy were evaluated for coercivity and irreversible flux loss as a preliminary study to develop highly-coercive, high-temperature magnets that can be applied for driving motors in a hybrid vehicle. The sintered magnets were prepared in sequence of strip casting, HD treatment, jet milling, magnetic field pressing, sintering and post-annealing. Increasing Dy content and adjusting post-annealing temperature monotonically increased coercivity of magnets from about 14 kOe to 30 kOe. A magnet containing 28 wt% Nd and 7 wt% Dy exhibits a $(BH)_{max}$+$_i{H_c}$ value of almost 64. This is very close to what the automobile industry considers as the minimum value (65) for a hybrid vehicle system. Moreover, irreversible flux loss of the magnet was about 3% at $200^{circ}C$, which is well less than the allowable limit (5%) to a driving motor in hybrid vehicles.