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:||Maxwell Centre, University of Cambridge, JJ Thomson Avenue, Cambridge|
|Membership type:||Founder Member|
At Magna, we take great ideas and develop them from invention to commercialization. We also know that great thinking happens outside our four walls, and that our ability to commercialise great ideas benefits inventors, founders, entrepreneurs, customers, and ultimately all who share the road.
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
For nearly 40 years, the Mercedes-Benz G-Class has been built in Graz, Austria, initially by Steyr-Daimler-Puch and since 1998 under the flag of Magna International. The tradition of excellence continues with the new G-Class, introduced this week at the North American International Auto Show.
19 January 2018Read in full
Automakers now have a radar option that leapfrogs the competition as Magna unveils its ICON RADAR at the North American International Auto Show (NAIAS) this month.
15 January 2018Read in full
As China’s environmental plan takes shape and start-up companies develop and launch their new-energy vehicles, the support of strong and capable suppliers will be essential. The latest example occurred today with new Chinese startup NIO, and the launch of their NIO ES8 electric SUV, a vehicle that comes to market with key systems supplied by Magna.
19 December 2017Read in full
With the global trend towards electrification in the automotive industry, Magna presents its etelligentDrive systems. Leveraging its legacy of powertrain leadership, Magna offers automakers a variety of solutions for electrified powertrain architectures - from hybrids to full electrics.
18 December 2017Read in full
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