About
Name : Magna
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  • 1

    Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India?s largest electrified shared mobility provider, and creating a battery-swapping service company.

    Automotive    Magna    EV Charging    India Investment    Enterprise Startup Acquisition    India   

    Q3(Jul-Aug-Sep), 2022

  • 2

    Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna?s capabilities in the field of advanced driver assistance systems

    Automotive    Magna    ADAS    Enterprise Startup Acquisition    United States   

    Q2(Apr-May-Jun), 2022

  • 3

    LG Magna e-Powertrain Celebrates Groundbreaking of New Facility in Mexico

    Automotive    Magna    Manufacturing Plants    Mexico   

    Q2(Apr-May-Jun), 2022

  • 4

    Magna is continuing its growth in Eastern Europe through the expansion of its seating production capabilities in Serbia. The company celebrated the grand opening of the new plant in the southern Serbian city of Aleksinac. The new plant will produce seat trim covers and leather kits for a European automaker.

    Automotive    Magna    Manufacturing Plants    Serbia   

    Q4(Oct-Nov-Dec), 2021

  • 5

    Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna

    Automotive    Magna    Enterprise M&A   

    Q3(Jul-Aug-Sep), 2021

  • 6

    Magna is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the Fisker Ocean SUV that is expected to launch in late 2022.

    Automotive    Magna    Enterprise Deals    ADAS   

    Q1(Jan-feb-Mar), 2021

Previous Data
  • 1

    Magna will expand its powertrain business with a new facility in Kechnec, Slovakia, the first powertrain metalforming solutions plant for the company in Europe.

    Automotive    Magna    Slovakia   

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  • 2

    Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a leading seat supplier to Chinese automakers. It will strengthen Magna’s competitiveness through increased vertical integration, additional 10 manufacturing sites, and full engineering and testing. The majority of HLZX’s plants are also vertically integrated with just-in-time seat assembly and delivery, structures, foam, and trim capabilities that enable an optimal sourcing solution for automakers versus sourcing from multiple suppliers.

    Automotive    Magna    R&D Consulting    China   

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