News Release - Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
- Facility to produce advanced cameras and electronics for inverters
- Production expected to start in the fourth quarter of 2022
- Up to 600 new jobs expected to be created longer term
AURORA, Ontario
The plant will produce some of the company’s most innovative Level 2 ADAS solutions as well as technologies for the electric vehicle market. These include Magna’s most advanced front camera modules and in-cabin cameras for the launch of the company’s recently announced integrated driver and occupant monitoring system. In addition, the site will manufacture electronic control units for inverters used in electric vehicles.
“This new facility is a key milestone for Magna in supporting the increasing effort toward vehicle electrification and autonomy,” said
Magna’s new Kechnec operations is the company’s fifth manufacturing facility in
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INVESTOR CONTACT
louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
tracy.fuerst@magna.com, 248.761.7004
ABOUT MAGNA
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 343 manufacturing operations and 91 product development, engineering and sales centres spanning 28 countries.
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Source: Magna International Inc.