Magna has produced 29 models and over 3.7 million complete vehicles over the years and these aren't all just your ordinary variety of economy vehicles. In fact, Magna is the producer of the iconic G-Class Benz.
Now as the World begins to take its first steps into a future where electric-powered vehicles will ultimately take over the market from the internal combustion engine predecessors, this many decades-old company is at the forefront. Remarkably, it is almost like the history and experiences that Magna has gone through over the many years was all in preparation for this moment in time. Whereas Tesla Inc . has pioneered the all-electric concept and proved to the World that mass production would be embraced, Magna is positioned to become the leader in the global scaling out.
Magna has all of the pieces in place to help these new companies turn their concepts into reality. They can start from a clean sheet of paper then move into the engineering and design phase, flow into the process and manufacturing phase and all the way through to final paint and assembly. Now that’s a great position to be in at these early stages of such a massive disruption.
SOURCE : Magna International: Innovative EV Start-Up Collaborator Disguised As An Old Dividend-Paying Parts Supplier, SimpliStk, SeekingAlpha