Magna is a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.
|Address:||International House, Siskin Parkway East, Middlemarch Business Park, Coventry|
|Membership type:||Founder Member|
As a global industry leader and the only automotive supplier in the world with the ability to contribute to every aspect of vehicle design, engineering and production, Magna International is pushing the boundaries of technology to define future mobility. In this new era of mobility, Magna is working with partners, entrepreneurs and start-up companies around the world to help bring ideas and innovation to market and develop game-changing technologies that are making the car of the future safer, smarter, cleaner and lighter.
To augment our own innovation efforts, Magna looks outside our four walls at early stage technologies that could compliment or enhance our current product portfolio. We have adapted an “open for business mentality” that casts our net broader in collaborating, investing and/or partnering with entrepreneurs, universities and the venture capital community. Our goal is to be a a strategic partner and potential investor in helping bring new innovations to the market.
Magna has a comprehensive product range, therefore our interest for new technology is very broad. That is one reason why we have also engaged with companies outside of traditional automotive. Industries such as medical, aerospace and software are working on or already have many technologies that can be applied to automotive especially as we move closer to full autonomy and more electrification. Technologies that include biosciences, artificial intelligence, big data, etc., are all areas that cross industries.
Our objective is simple, we want the venturing and innovation world to better understand Magna, our ability to commercialize innovation and our position to lead in the transformation of the vehicle, the automotive industry and the future mobility landscape in general.
As a global company, Magna manufactures in 29 countries. Therefore, we are able to leverage our global footprint to cultivate relationships with the best universities, venture funds, start-ups accelerators, and inventors. We are very much open for business, backed by our recent partnerships with several companies out of Israel, Canada and the US and multiple co-investment deals we have entered. To learn more, please visit http://www.magna.com/innovation
As a result of business growth at its mirror manufacturing facility in Nove mesto nad Vahom, Slovakia, Magna has relocated to a larger facility. The company is investing $30 million USD to refurbish the building and install a new automated paint line, and the expansion will create approximately 150 new jobs at the facility.
1 November 2017Read in full
To expand its global electrified powertrain offerings and strengthen its local footprint in China, Magna has entered into a joint-venture agreement with Huayu Automotive Systems Co., Ltd. (HASCO,600741.SH), a subsidiary of SAIC Motor.
19 October 2017Read in full
Due to a full book of business at its contract manufacturing facility in Graz, Austria, Magna will build a second paint shop 75 kilometers away in Maribor/Hoče, Slovenia.
18 October 2017Read in full
The BMW Group, Intel and Mobileye, an Intel company, are on a mission to deliver a self-driving, flexible vehicle platform by 2021. Magna joins as a Tier 1 technology integrator and will help automakers industrialize and customize the domain controller designed by BMW Group, Intel and Mobileye.
11 October 2017Read in full
As the auto industry transforms, Magna’s commitment to innovation and collaboration with the startup ecosystem continues to gain momentum.
28 September 2017Read in full
Magna swept all three awards given at the recent Society of Plastics Engineers (SPE) Automotive Composites Conference and Exhibition. The awards recognize outstanding innovations in the development and use of composites in the automotive industry.
25 September 2017Read in full
Visitors to the 67th Frankfurt Motor Show next week will see more than 1,000 exhibits and 200-plus vehicle premieres. Within it all, there is one automotive tech supplier with deep systems knowledge across the entire automobile: Magna.
11 September 2017Read in full
The hurdles to reaching high levels of vehicle autonomy might be in infrastructure and legislation, but not necessarily in technology development. Magna is proving that by unveiling MAX4, a fully integrated, customizable and scalable autonomous driving sensing and compute platform that can enable up to Level 4 autonomous driving capabilities in both urban and highway environments.
1 September 2017Read in full
Magna has recently made a strategic investment to expand its existing collaboration with Innoviz Technologies Ltd., a pioneer in solid-state LiDAR technology. Magna started collaborating with Innoviz in December 2016.
31 August 2017Read in full