South Korea’s LG Electronics said that its subsidiary LG Magna e-Powertrain plans to begin mass production at its Hungary plant in February 2027. The subsidiary, a joint venture with Magna International, manufactures electrified powertrain components. The Hungary plant will serve as a production base to meet European

On October 7, XPENG announced that it has completed the first production trial of its next-generation AI flagship SUV, the G9L, at Magna’s facility in Graz, Austria. The G9L is the fourth XPENG model to be produced at the Austrian facility, expanding their European manufacturing partnership.
The AI-flagship SUV, the

On August 6, Mutares announced the successful completion of the acquisition of Magna's Car Top Systems (CTS) business. The acquisition establishes CTS as an independent automotive supplier.
CTS is a Germany-based automotive supplier specializing in roof and aerodynamic systems. The company supplies roof systems, slid

On July 28, 2026, Magna International announced that it received a program award with Chery for its 800-volt electric drive system. The 250kW 800V two-speed eDrive system will be built at Magna’s production plant in Wuhu, China, highlighting the company’s ability to locally produce next-generation electric drive tech

On June 30, Amaneos, a part of Mutares SE & Co. KGaA, completed the acquisition of the European automotive lighting business of Magna. The acquisition strengthens Amaneos and its subsidiary LMS by combining exterior modules and advanced automotive lighting technologies into a single integrated business.
As part of th

On June 9, Magna International CEO Swamy Kotagiri told the Detroit News that the company is open to assembling Chinese vehicles in Canada, if the plans are long term.
"We will be open, obviously, to any OEM, where they're looking at a value proposition that makes sense," though Kotagiri said it has to be “really long

On June 8, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Magna Lighting Czech s.r.o. of Czechia and Olsa S.p.A. of Italy (together ‘Magna's European lighting business') by Mutares SE & Co. KGaA (‘Mutares') of Germany.
The transaction relates primarily to the desi

On June 2, XPeng announced that production of the P7+ has commenced at its manufacturing partner Magna’s facility in Graz, Austria.
The company also revealed plans to introduce a fourth vehicle model to be produced at the plant as part of its strategy to expand localized production in Europe.
Based on XPeng social me

Magna International Inc. (Magna) has been awarded a Driver and Occupant Monitoring System (DMS/OMS) program by a European OEM, further expanding its DMS/OMS deployment across global vehicle platforms.
The program reinforces the role of Magna’s mirror-integrated system within next-generation software-defined vehicle a

On May 8, Daniel Petrovic, Quality Manager at Magna Automotive (CZ), announced that Magna has ended the production of the BMW Z4 and Toyota Supra at its Graz plant, Austria.
The BMW Z4 has been in production at the Austrian plant since 2018, while the Toyota Supra has been in production there since 2019.
Based on Dan

Hyundai recently revealed more about its partnership with Waymo to produce a robotaxi based on the IONIQ 5 that could result in Waymo purchasing 50,000 of the EVs over the next few years. 
Hyundai will be producing the IONIQ 5 at its Metaplant in Georgia before shipping it over to Magna for upfitting with the Waymo t

On April 9, Mutares SE & Co. KGaA signed agreements to acquire two automotive supplier businesses from Magna, as part of its Automotive & Mobility segment. The transactions are expected to close in Q2 2026, subject to customary regulatory approvals.
Amaneos Group, part of Mutares, is strengthened by acquiring Magna I

On April 9, 2026, Magna International Inc. announced that it had entered into definitive agreements to sell its Lighting and Rooftop Systems business operations. Magna’s divestiture of its Lighting and Rooftop Systems businesses will take place over three transactions. Magna will divest its Lighting business for fron

On March 27, GAC announced that it has started production of the Aion UT at Magna’s facility in Austria.
The Aion UT is a C segment electric hatchback with a 2,750 mm wheelbase. It offers a driving range of up to 430 km (WLTP) and supports fast charging from 30% to 80% in just 24 minutes using DC charging. 
The vehic

On March 24, Magna announced it is expanding its dedicated hybrid portfolio with the introduction of DHD REX, a dedicated hybrid drive for range extended electric vehicles (REEVs) designed to deliver an EV-like driving experience with instant torque response, smooth and quiet operation, and seamless range extension. 

Magna Closures Inc., a subsidiary of Magna International Inc., has signed a three-year memorandum of understanding (MOU) with the Minister of Enterprise and Made in Italy (MIMIT) for a new development plan of its Guasticce production site in Livorno province.
The agreement will support Magna Closures’ planned investm

On January 5, Magna announced an expansion of its collaboration with NVIDIA to support OEM deployments on the NVIDIA DRIVE Hyperion platform. As part of this collaboration, Magna will offer OEMs a comprehensive portfolio of system integration, validation, and vehicle launch services for NVIDIA DRIVE AV stack running

On January 8, Xpeng announced that trial production of the updated P7+ has been completed at its Austrian facility, ahead of the sedan’s upcoming European launch. The new P7+ will be assembled at Magna’s Graz, Austria facility, joining two existing XPENG models.
The company is progressing with next-stage R&D and prod

On November 21, Magna announced that serial production of GAC’s AION V electric SUV is now underway at its Graz facility. The new vehicle assembly program expands localized EV production in Europe and strengthens GAC’s regional presence across assembly, supply, and sales.
The AION V has already launched in Finland, P

On November 19, Magna announced it is opening a new facility in China in the Jiujiang Economic Development Zone, Wuhu to support the growing demand of electric drive systems, starting with Chery and positioned to serve additional OEMs in the future.
Magna’s newly leased facility spans over 160,000 square feet and is