Magna Deepens China Footprint to Meet Growing EV Demand
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.
Magna (NYSE:MGA) si sta espandendo in Cina con una nuova struttura di 160.000 sq ft nella Jiujiang Economic Development Zone, Wuhu, per produrre sistemi di azionamento elettronico eDrive per Chery e altri costruttori.
L’operazione è finalizzata a sostenere l’elettrificazione in rapido sviluppo della Cina, a creare circa 200 posti di lavoro a pieno regime e a sfruttare l’esistente presenza di Magna in Cina, dove nel 2024 ha registrato vendite per 5,6 miliardi di dollari, con circa 60% provenienti da OEM cinesi.
Magna (NYSE:MGA) está expandiéndose en China con una nueva instalación de 160,000 sq ft en la Jiujiang Economic Development Zone, Wuhu, para producir sistemas de tracción eléctrica eDrive para Chery y otros fabricantes de automóviles.
La operación tiene como objetivo apoyar la aceleración de la electrificación en China, crear aproximadamente 200 puestos de trabajo cuando esté a pleno rendimiento y aprovechar la huella existente de Magna en China, donde registró ventas de $5.6 mil millones en 2024 con ~60% provenientes de OEMs chinos.
Magna (NYSE:MGA)는 중국에서 Jiujiang Economic Development Zone, Wuhu에 위치한 160,000 sq ft 규모의 새 시설을 확장하여 Chery 및 기타 자동차 제조사를 위한 eDrive 전기 구동 시스템을 생산합니다.
이 사업은 중국의 가속화되는 전동화에 기여하고, 가동 개시 시 약 200개 일자리를 창출하며, 중국 내 Magna의 기존 발판을 활용하는 것을 목표로 합니다. Magna는 2024년 매출이 56억 달러에 달했고 중국 OEM으로부터 약 60%를 얻은 바 있습니다.
Magna (NYSE:MGA) s’étend en Chine avec une nouvelle installation de 160 000 pieds carrés dans la zone de développement économique de Jiujiang, Wuhu, afin de produire des systèmes d’entraînement électriques eDrive pour Chery et d’autres constructeurs automobiles.
Cette opération vise à soutenir l’électrification croissante de la Chine, à créer environ 200 emplois à pleine production et à tirer parti de l’empreinte actuelle de Magna en Chine, où elle a enregistré des ventes de 5,6 milliards de dollars en 2024, dont environ 60% proviennent des équipementiers chinois (OEM).
Magna (NYSE:MGA) erweitert sich in China mit einer neuen 160.000 Quadratfuß großen Anlage in der Jiujiang Economic Development Zone, Wuhu, um eDrive-Elektroantriebe für Chery und andere Automobilhersteller zu produzieren.
Die Operation soll die beschleunigte Elektrifizierung in China unterstützen, rund 200 Arbeitsplätze bei voller Produktion schaffen und Magna’s bestehende China-Präsenz nutzen, wo sie im Jahr 2024 einen Umsatz von 5,6 Milliarden USD verzeichnete, wovon ca. 60% von chinesischen OEMs stammten.
Magna (NYSE:MGA) تتوسع في الصين بمرفق جديد مساحته 160,000 قدم مربع في منطقة جيوجيانغ الاقتصادية للتنمية، ووهو، لإنتاج أنظمة الدفع الكهربائي eDrive لشيري وغيرها من شركات صناعة السيارات.
تهدف العملية إلى دعم الت electrification الصينية المتسارعة، وخلق نحو 200 وظيفة عند الإنتاج الكامل، والاستفادة من حضور Magna الحالي في الصين، حيث سجلت مبيعات قدرها 5.6 مليار دولار في 2024، مع حوالي 60% من هذه المبيعات من مصنّعي معدات أصلية صينيين.
- 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
- None.
Insights
Magna opens a Wuhu eDrive facility to localize production for Chinese OEMs and scale EV supply.
Magna will produce its eDrive systems in a newly leased >160,000 square foot facility in the Jiujiang Economic Development Zone in Wuhu, targeting initial supply to Chery and capacity for other automakers. Local manufacturing shortens supply chains, reduces logistics complexity, and supports higher production cadence for electric propulsion modules.
Execution depends on timely commissioning, hiring to reach the ~200-job headcount, and qualification of systems with customers. Manufacturing start-up risks include ramp delays, supplier alignment, and local regulatory compliance, any of which can slow volume delivery.
Watch near-term outputs such as production start, customer qualification milestones, and ramp-to-rate timing; these will become visible over the next 12–24 months and determine near-term operational impact.
This expansion deepens China exposure and supports Magna's electrification revenue base.
The company highlights
Key risks include program adoption by additional automakers and the pace of volume conversion. Investors should monitor customer awards, orderbacklog disclosures, and reported production volumes over the next 1–2 years to assess revenue and margin implications.
- 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
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.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
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FAQ
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