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

On November 7, Seeing Machines Limited announced that Magna recently completed one year production milestone of its integrated mirror solution in China with a leading German-based automotive manufacturer. The solution uses Seeing Machines' AI-powered Driver and Occupant Monitoring System (DMS/OMS) technology.
The DMS

On September 15, Magna announced that XPENG, a Chinese smart electric vehicle manufacturer, has selected Magna to assemble two new models for the European market.
The serial production is scheduled to start in Q3 2025, marking Magna’s first full vehicle assembly with a Chinese OEM at its Graz, Austria facility.
Base

Magna International is shutting down the Qualtech Seating Systems division London, Ontario in October. The single Qualtech plant there employs 49 people. One of the models it supplied was the Chevrolet BrightDrop, which has had an extended production shutdown, causing Qualtech to cease operations. 
The plant was in o

On August 11, Magna International announced that it will present advancements in sustainable materials, drivetrain technologies, energy storage systems, and ADAS at Hall B3, Booth E40, at IAA Mobility 2025, in Munich. A key focus will be on sustainable materials that meet the highest technical standards while reducin

On July 29, Magna highlighted its innovative and comprehensive interior sensing systems, designed to protect occupants and enhance the driving experience. Over the last 18 months, Magna’s interior sensing systems have either been awarded contracts or begun production on five OEM programs across North America, Europe

Several media sources reported that Magna International announced plans to launch driverless vehicles on the streets of Toronto later in 2025.
The Ministry of Transportation Ontario (MTO) recently notified Magna that its application into Ontario’s Automated Vehicle Pilot Program (AVPP) has been approved, allowing it

At the Auto Shanghai 2025, Magna will debut multiple forward-looking innovations to fully showcase its automotive technologies and high-performance systems and components.
Magna’s exhibits will focus on four key areas, namely, Sustainable Innovations, Holistic ADAS Systems, Personalized Brand Experiences, and Complet

Magna held a ceremony to mark the opening of its new China headquarters building in Changning District, Shanghai and the 20th anniversary of entering the Chinese market. The new headquarters building covers an office area of over 10,000 square meters and will house more than 700 employees from different divisions and

On April 2, TIRZ (Technological Industrial Development Zones) - Republic of North Macedonia announced the official opening of the new Magna Mechatronics factory in TIRZ Shtip. Built with an investment of EUR 40 million, it covers 18,000 square meters of area. It will employ more than 600 people. It will be producing

On March 28, multiple sources reported that the Prime minister of North Macedonia announced that Magna International Inc. (Magna) will start the operations at its new factory in North Macedonia in April 2025. The plant will be in Shtip and employ 500-600 people. It will see an investment of EUR 45-50 million. 
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