Core Insights - Magna is expanding its operations in China with a new facility in the Jiujiang Economic Development Zone, Wuhu, to meet the increasing demand for electric drive systems, starting with Chery and aiming to serve additional automakers in the future [1][2] Company Expansion - The new facility in Wuhu will manufacture Magna's eDrive systems, which provide smooth, high-performance electric propulsion with a scalable architecture suitable for various battery electric vehicles [3][4] - The facility spans over 160,000 square feet and is expected to create approximately 200 new jobs upon reaching full production [4][9] Market Position - Magna's growth in China has been significant, with $5.6 billion in sales recorded in 2024, approximately 60% of which came from Chinese OEMs [5] - The expansion reflects Magna's commitment to supporting customers' electrification strategies and advancing sustainable mobility [3][5]