Investments
15Portfolio Exits
5Partners & Customers
10About Magna International
Magna International is an automotive supplier that designs, develops and manufactures automotive systems, assemblies, modules, and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks.
Magna International Headquarter Location
337 Magna Drive
Aurora, Ontario, L4G 7K1,
Canada
905-726-2462
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CB Insights Intelligence Analysts have mentioned Magna International in 2 CB Insights research briefs, most recently on Dec 16, 2020.
Dec 16, 2020
40+ Corporations Working On Autonomous VehiclesLatest Magna International News
Aug 11, 2022
News provided by Share this article Share this article The Business Research Company's motor vehicle parts market research report expands on key drivers, trends, and growth opportunities in the market. LONDON, Aug. 11, 2022 /PRNewswire/ -- Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this trend is expected to intensify. According to Forbes, the ten new motor vehicle parts industry trends to expect by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing, and reconfigurable body panels. These innovations are expected to drive the motor vehicle parts manufacturing market during the forecast period. The global motor vehicle parts market size is expected to grow from $2.33 trillion in 2021 to $2.57 trillion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The global motor vehicle parts market growth is expected to reach $3.63 trillion in 2026 at a CAGR of 9.1%. An Overview Of The Motor Vehicle Parts Market In North America The motor vehicle parts manufacturing industry in North America is supported by the large consumer population, high demand for motor vehicles, the presence of large motor vehicle companies, and investments in the electric vehicle industry. For instance, in 2021, General Motors announced an investment of over $1 billion in a plant in Mexico to provide electric vehicles. The facility will begin producing EVs beginning in 2023. The investment includes new capacity for battery packs and electronic components like electric motors and other vehicle parts. COVID-19 Continues To Be A Major Restraint The outbreak of the coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle parts manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. Key Players In The Market Major companies in the motor vehicle parts market include EXOR Group, Denso Corp, General Motors Co, Robert Bosch GmbH, Aisin Seiki Co Ltd, Continental AG, Fiat Chrysler Automobiles NV, Magna International Inc, Toyota Motor Corp, and SAIC Motor Co Ltd. Check out similar market reports:
Magna International Investments
15 Investments
Magna International has made 15 investments. Their latest investment was in Addionics as part of their Series A on January 1, 2022.
Magna International Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/25/2022 | Series A | Addionics | $27M | Yes | 14 | |
12/9/2021 | Debt | Yulu Bikes | $7M | Yes | 1 | |
6/16/2021 | Unattributed VC - III | Waymo | $2,500M | No | 76 | |
4/5/2021 | PIPE | |||||
3/2/2020 | Unattributed VC |
Date | 1/25/2022 | 12/9/2021 | 6/16/2021 | 4/5/2021 | 3/2/2020 |
---|---|---|---|---|---|
Round | Series A | Debt | Unattributed VC - III | PIPE | Unattributed VC |
Company | Addionics | Yulu Bikes | Waymo | ||
Amount | $27M | $7M | $2,500M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 14 | 1 | 76 |
Magna International Portfolio Exits
5 Portfolio Exits
Magna International has 5 portfolio exits. Their latest portfolio exit was Innoviz Technologies on April 05, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/5/2021 | Reverse Merger | 5 | |||
Date | 4/5/2021 | ||||
---|---|---|---|---|---|
Exit | Reverse Merger | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 |
Magna International Acquisitions
27 Acquisitions
Magna International acquired 27 companies. Their latest acquisition was Optimus Ride on January 11, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/11/2022 | Debt | $78.33M | Acq - Talent | 2 | ||
12/13/2021 | Acquired | 2 | ||||
9/3/2020 | Corporate Majority | 3 | ||||
11/21/2019 | ||||||
12/18/2018 |
Date | 1/11/2022 | 12/13/2021 | 9/3/2020 | 11/21/2019 | 12/18/2018 |
---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | $78.33M | ||||
Note | Acq - Talent | Acquired | Corporate Majority | ||
Sources | 2 | 2 | 3 |
Magna International Partners & Customers
10 Partners and customers
Magna International has 10 strategic partners and customers. Magna International recently partnered with LG Electronics on July 7, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/29/2022 | Partner | South Korea | Apple hires Lamborghini head engineer for car project – report Instead , LG Chem 's joint venture with Magna International , LG e-Powertrain , was reportedly firming as the chosen manufacturer for the Apple car . | 2 | |
7/20/2022 | Partner | South Korea | Who Will Build The Apple Car? Here Are The Possible Candidates But Apple 's relationship with Volkswagen did n't just end with the iBeetle . | 1 | |
5/19/2022 | Vendor | Canada | BlackBerry, Magna ink multi-year ADAS solutions contract BlackBerry and Magna have entered into a multi-year agreement to collaborate on various integrated Advanced Driver Assistance Systems solutions . | 1 | |
5/18/2022 | Partner | ||||
5/18/2022 | Vendor |
Date | 7/29/2022 | 7/20/2022 | 5/19/2022 | 5/18/2022 | 5/18/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Vendor |
Business Partner | |||||
Country | South Korea | South Korea | Canada | ||
News Snippet | Apple hires Lamborghini head engineer for car project – report Instead , LG Chem 's joint venture with Magna International , LG e-Powertrain , was reportedly firming as the chosen manufacturer for the Apple car . | Who Will Build The Apple Car? Here Are The Possible Candidates But Apple 's relationship with Volkswagen did n't just end with the iBeetle . | BlackBerry, Magna ink multi-year ADAS solutions contract BlackBerry and Magna have entered into a multi-year agreement to collaborate on various integrated Advanced Driver Assistance Systems solutions . | ||
Sources | 2 | 1 | 1 |
Magna International Team
17 Team Members
Magna International has 17 team members, including current Founder, Chief Executive Officer, Joshua Sason.
Name | Work History | Title | Status |
---|---|---|---|
Joshua Sason | Mainz | Founder, Chief Executive Officer | Current |
Aaron McCarthy | Executive Vice President | Current | |
John Petroni | Executive Vice President | Current | |
Bob Galyen | President | Former | |
Kelei Shen | President, Executive Vice President | Former |
Name | Joshua Sason | Aaron McCarthy | John Petroni | Bob Galyen | Kelei Shen |
---|---|---|---|---|---|
Work History | Mainz | ||||
Title | Founder, Chief Executive Officer | Executive Vice President | Executive Vice President | President | President, Executive Vice President |
Status | Current | Current | Current | Former | Former |
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