Magna Deepens China Footprint to Meet Growing EV Demand

Executive Summary

• Magna announced a new 160,000‑sq‑ft facility in Wuhu’s Jiujiang Economic Development Zone to produce eDrive electric propulsion systems for Chery and other Chinese automakers.
• The plant is expected to create approximately 200 jobs once full production is achieved, supporting Magna’s growth strategy in China.
• In 2024, Magna generated $5.6 billion in sales in China, with about 60 % of that revenue coming from Chinese OEMs, underscoring the strategic importance of the expansion.

Key Details

• Location & Size: Newly leased facility in Wuhu, Jiujiang Economic Development Zone; >160,000 sq ft.
• Product Focus: Manufacture of Magna eDrive systems – scalable electric drive architecture for a wide range of battery‑electric vehicles (BEVs).
• Initial Customer: Chery (with capability to serve additional automakers in the future).
• Job Creation: Approximately 200 new jobs expected upon reaching full production.
• Strategic Rationale: Enhances localized production capacity, reduces supply chain latency, and aligns with China’s accelerated electrification agenda.
• Financial Context: Magna recorded $5.6 billion in Chinese sales in 2024; ~60 % derived from Chinese OEMs, highlighting the market’s significance to overall revenue.
• Executive Quote: “This expansion reflects Magna’s commitment to supporting our customers’ electrification strategies and advancing sustainable mobility,” said Diba Ilunga, President, Magna Powertrain.

Notable Quotes

“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.” – Diba Ilunga, President, Magna Powertrain