- New factory in Wuhu to produce electric drives for Chery and support future growth
- Magna expands electrification capabilities and market coverage in China
- The expansion is expected to create approximately 200 new jobs.
AURORA, Ontario, Nov. 18, 2025 (GLOBE NEWSWIRE) — Magna is strengthening its presence in China by opening a new plant in Jiujiang Wuhu Economic Development Zone to support growing demand for electric drive systems – starting with Chery and ready to serve other automakers in the future.
As China's auto industry accelerates toward electrification, localized production of electric technologies is becoming more important than ever. Magna's new facility in Wuhu will enable the company to meet this need and strengthen its role as a global leader in powertrain innovation.
“This expansion reflects Magna’s commitment to supporting our customers’ electrification strategies and promoting sustainable mobility,” said Diba Ilunga, President of Magna Powertrain. “Wuhu offers a strong industrial foundation and an environment conducive to innovation. We are pleased to bring our world-class electric drive technologies closer to Chery and other partners in China.”
The new facility will produce Magna eDrive systems delivering smooth, high-performance electric propulsion with a scalable architecture for a wide range of battery-powered electric vehicles.
These innovations enable automakers to meet stringent emissions standards and create efficient, high-performance electrified vehicles across multiple segments while improving driving dynamics.
The newly leased Magna plant spans more than 160,000 square feet and is expected to create approximately 200 new jobs once fully operational.
Over the past 20 years, Magna has accelerated its growth in China. The company generated $5.6 billion in market sales in 2024, with approximately 60% of that 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 important markets. To learn more about Magna powertrain technologies, visit www.magna.com/products/powertrain.
CONTACTS WITH INVESTORS
Louis Tonelli, Vice President of Investor Relations
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AABOUT MAGNA
Magna is one of the world's largest automotive suppliers and a trusted partner to automakers in the industry's most important markets – North America, Europe and China. With a global team and presence in 28 countries, we provide unmatched scale, robust reliability and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative automotive systems to ensure productivity, safety and quality.
For more information on Magna (NYSE:MGA; TSX:MG), visit www.magna.com or follow us on social media.
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