A transverse flux permanent magnet, TFPM, electrical machine comprising a stator and a rotor rotating relative to the stator and forming an air gap between them; wherein the rotor comprises a ring with a plurality of permanent magnets arranged circumferentially around the axis of rotation of the rotor; characterized in that the stator is assembled from slots arranged in a circumferential configuration relative to the axis of rotation of the rotor; each slot of the stator is composed of at least one close-contour coil and a plurality of magnetic conductors mounted onto said at least one close-contour coil, each magnetic conductor is constituted by a magnetically conducting body having a G-shape, the magnetic conductor comprising: a neck portion formed with two pole end extensions (144, E), said two pole extensions defining therebetween a symmetry axis (Xs) and being sufficiently spaced apart for receiving therebetween the permanent magnets of the rotor which are movable between said first and second pole extensions (144, E), and a frame extending from the pole extensions (144, E) and lying on the same or parallel plane as that of the pole extensions (144, E) having a first frame portion extending to one side of the symmetry axis (Xs) to a distance W1 and a second frame portion extending to the other side of the symmetry axis to a distance W2, wherein W2 < W1, wherein W1 and W2 are measured perpendicular to the symmetry axis, and wherein at least the first frame portion is configured for receiving therein a portion of the at least one close-contour coil of the stator of the TFPM electrical machine; the magnetic conductors are mounted onto the at least one close-contour coil, each magnetic conductor being oriented perpendicular to the close-contour of the at least one coil and the second frame portion is located within the close-contour of the at least one coil; and each subsequent magnetic conductor is turned to 180 0 with respect to the previous one and located on the opposite side of the at least one coil such that the neck portions of the magnetic conductors form together a passage space for the rotor. wherein the rotor comprises a ring with a plurality of permanent magnets arranged circumferentially around the axis of rotation of the rotor; characterized in that the stator is assembled from slots arranged in a circumferential configuration relative to the axis of rotation of the rotor; each slot of the stator is composed of at least one close-contour coil and a plurality of magnetic conductors mounted onto said at least one close-contour coil, each magnetic conductor is constituted by a magnetically conducting body having a G-shape, the magnetic conductor comprising: a neck portion formed with two pole end extensions (144, E), said two pole extensions defining therebetween a symmetry axis (Xs) and being sufficiently spaced apart for receiving therebetween the permanent magnets of the rotor which are movable between said first and second pole extensions (144, E), and a frame extending from the pole extensions (144, E) and lying on the same or parallel plane as that of the pole extensions (144, E) having a first frame portion extending to one side of the symmetry axis (Xs) to a distance W1 and a second frame portion extending to the other side of the symmetry axis to a distance W2, wherein W2 < W1, wherein W1 and W2 are measured perpendicular to the symmetry axis, and wherein at least the first frame portion is configured for receiving therein a portion of the at least one close-contour coil of the stator of the TFPM electrical machine; a neck portion formed with two pole end extensions (144, E), said two pole extensions defining therebetween a symmetry axis (Xs) and being sufficiently spaced apart for receiving therebetween the permanent magnets of the rotor which are movable between said first and second pole extensions (144, E), and a frame extending from the pole extensions (144, E) and lying on the same or parallel plane as that of the pole extensions (144, E) having a first frame portion extending to one side of the symmetry axis (Xs) to a distance W1 and a second frame portion extending to the other side of the symmetry axis to a distance W2, wherein W2 < W1, wherein W1 and W2 are measured perpendicular to the symmetry axis, and wherein at least the first frame portion is configured for receiving therein a portion of the at least one close-contour coil of the stator of the TFPM electrical machine; the magnetic conductors are mounted onto the at least one close-contour coil, each magnetic conductor being oriented perpendicular to the close-contour of the at least one coil and the second frame portion is located within the close-contour of the at least one coil; and each subsequent magnetic conductor is turned to 180 0 with respect to the previous one and located on the opposite side of the at least one coil such that the neck portions of the magnetic conductors form together a passage space for the rotor.