Magna Deepens China Footprint to Meet Growing EV Demand

Rhea-AI Summary

Magna (NYSE:MGA) is expanding in China with a new 160,000 sq ft facility in the Jiujiang Economic Development Zone, Wuhu, to produce eDrive electric drive systems for Chery and other automakers.

The operation is intended to support China’s accelerating electrification, create approximately 200 jobs at full production, and leverage Magna’s existing China footprint, where it recorded $5.6 billion in 2024 sales with ~60% from Chinese OEMs.

Positive

• Localized eDrive production in Wuhu closer to Chinese OEMs
• 160,000 sq ft facility leased for electric drive manufacturing
• Expected creation of approximately 200 jobs at full production
• $5.6 billion China sales in 2024 with ~60% from Chinese OEMs

Negative

• None.

• New facility in Wuhu to produce electric drives for Chery and support future growth
• Magna advances electrification capabilities and market reach in China
• Expansion expected to create approximately 200 new jobs

AURORA, Ontario, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Magna is strengthening its presence in China with a new facility in the Jiujiang Economic Development Zone, Wuhu to support the growing demand of electric drive systems—starting with Chery and positioned to serve additional automakers in the future.

As China’s automotive industry accelerates toward electrification, localized production of electric technologies is more critical than ever. Magna’s new operation in Wuhu positions the company to meet this need and reinforces its role as a global leader in powertrain innovation.

“This expansion reflects Magna’s commitment to supporting our customers’ electrification strategies and advancing sustainable mobility,” said Diba Ilunga, President Magna Powertrain. “Wuhu offers a strong industrial foundation and an environment conducive to innovation. We are excited to bring our world-class electric drive technologies closer to Chery and other partners in China.”

The new facility will manufacture Magna’s eDrive systems, delivering smooth, high-performance electric propulsion with a scalable architecture for a wide range of battery electric vehicles.

These innovations enable automakers to achieve strict emissions standards and deliver efficient, high-performance electrified vehicles across diverse segments while enhancing driving dynamics.

Magna’s newly leased facility spans over 160,000 square feet and is expected to generate approximately 200 new jobs upon reaching full production.

Over the past 20 years, Magna has accelerated its growth in China. In 2024, the company recorded $5.6 billion in sales in the market, with approximately 60% of this revenue coming from Chinese OEMs.

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets. To learn more about Magna’s powertrain technologies, visit www.magna.com/products/powertrain.

INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
louis.tonelli@magna.com │905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com │248.761.7004

ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.​
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For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3acb7b0-29b3-488e-87ce-c26c9489c82f

FAQ

What will Magna produce at its new Wuhu facility for MGA shareholders?

Magna will manufacture eDrive electric drive systems for Chery and other automakers at the Wuhu site.

How large is Magna's new facility in Wuhu announced Nov 19, 2025 (MGA)?

The newly leased facility spans over 160,000 square feet.

How many jobs will Magna's Wuhu expansion create according to the Nov 19, 2025 announcement?

The expansion is expected to generate approximately 200 new jobs once at full production.

How significant is Magna's China business for MGA based on the release?

In 2024 Magna recorded $5.6 billion in China sales, with about 60% of that revenue from Chinese OEMs.

Which automaker is Magna initially supplying from the Wuhu eDrive plant (MGA)?

The facility will start by producing eDrive systems for Chery and is positioned to serve additional automakers.