In the past two years, it has been frequently rumored that Apple wants to build a car, and Foxconn, the giant behind Apple's products, has been constantly laying out in the field of car manufacturing in order to win orders from Apple's car, such as developing its own pure electric car manufacturing platform and releasing Foxconn's style tram, Foxconn is eager to catch up with the wave of a new round of global automotive industry change in transformation. In fact, Foxconn in the automotive industry has long existed, and it is the leading OEM giant behind the famous models launched by many car companies, which is Magna International Group from Canada. First, the development process, all the way to mergers and acquisitionsMagna was founded in 1957 by Frank Scanner as a start-up of Multimatic, acquired Magna Electronics in 1969, and the two companies merged four years later to form Magna International. In 1992, Magna was listed on the New York Stock Exchange. In 1998, Magna invested in the acquisition of Steyr to become its wholly-owned subsidiary, becoming the world's largest manufacturer of unbranded automobiles, and Steyr's original heavy-duty truck business and technology were transferred to the German company MAN. In 2004, Magna acquired an 80% stake in Xinqiye Transmission and integrated the company into Magna Powertrain. Subsequently, New Venture Transmission became a wholly owned subsidiary of Magna in 2007. In 2005, Magna acquired the folding canopy company CTS from Porsche. In 2010, Magna's KAMAZ Automotive Systems (Shanghai)** Changchun Branch was established. In 2015, it acquired GETRAG Transmission Systems, a German professional transmission system manufacturer with 13,500 employees, for $1.9 billion
Second, the main business is complexToday, Magna International produces almost all the parts needed for automobiles, except for tires and automotive glass, which is due to the fact that Magna's subsidiaries are involved in almost all key automotive fields. Magna currently has seven business divisions, namely KAMAZ, Magna Exterior, Magna Powertrain, Magna Electronics, Electromechanical Intelligent Systems Lighting & Mirrors, Magna Seats, and the well-known Magna Steyr. Starting with KAMAZ, KASMA provides a wide range of body, chassis and engineering solutions to customers around the world. Through our strong product engineering capabilities, excellent tooling technology and diverse process expertise, we are able to continue to provide the market with innovative products that are lightweight. Then there's Magna Exterior, a globally recognized innovator in all aspects of automotive exterior, providing everything from material development and design to manufacturing and assembly to help manufacturers produce bold, advanced vehicles around the world. Magna's exterior portfolio includes tailgates, door modules, exterior bumpers and trim strips, front-end modules, active aerodynamics, footrests, seals, and decorative engineered glass. Advanced processes in exterior design and lightweight composites are integrated into every production line. Third, look at Magna Powertrain, which is focused on changing modern mobility to meet the power needs of its customers, both now and in the future. With a broad and innovative range of electrified products, it is committed to setting new industry benchmarks and serving a growing number of software-based vehicles. Magna has entered into strategic joint ventures with LG Electronics and HASCO to achieve rapid growth in the electrified powertrain market. Magna Powertrain, a subsidiary of Magna International, is committed to providing long-term and high-quality powertrain design, development, testing and manufacturing services to the global automotive industry. Magna is uniquely positioned as one of the world's largest manufacturers of powertrain solutions and subsystems and components for passenger and light commercial vehicles. Their innovative hardware and software capabilities improve the overall performance of the vehicle, raising energy savings and emissions to a new level, as well as ensuring efficiency, safety, comfort and driving pleasure. Fourth, the new four modernizations of automobiles are the trend of the times, and Magna keeps up with the trend. Magna Electronic Systems provides leading-edge autonomous driving technology to ensure connectivity and vehicle electrification. The vehicles of the future will require comprehensive electronic control systems and sensors that provide drivers with greater safety and convenience. With a global presence, innovative design and deep system knowledge, Magna Electronic Systems can offer unique electronic systems. Clause.
5. Magna Steyr, from idea to reality – with more than 120 years of experience in automotive engineering and manufacturing, Magna is shaping the future of mobility. This makes Magna the partner of choice for both traditional OEMs and emerging players in the global automotive industry. It offers a range of services that cover the entire vehicle development product range, from systems and modules to complete vehicle engineering and vehicle production, providing customers with world-class flexible solutions from niche to series production. More than 4 million cars are rolling off the production line at Magna Steyr's Austrian plant today. As an OEM, Magna currently produces 32 different models for 11 different OEMs. Magna Steyr is the first automotive contract manufacturer in the world to produce a wide range of powertrain technology products in a single plant: powertrains ranging from conventional combustion vehicles to plug-in hybrids and all-electric vehicles, sometimes even on the same production line. This underscores Magna's competitive advantage as an automotive leader in the electrification and electric vehicle segments. 
Third, the global layout, the most far-sightedIn the coming years, a large part of the growth in vehicle production and sales will come from China, South America, Eastern Europe and India, where Magna has operations. Their global footprint spans five continents and covers 29 countries, enabling them to serve and support the world's major automotive manufacturers. Investing in Magna means investing in a global network of 344 manufacturing facilities and 104 product development and engineering sales centers. In North America, Magna's home base. One of the most powerful drivers of the North American economy is its resilient*** and continues to be influenced by the forces of globalization and innovation. New technologies and systems are accelerating the pace of change in an industry that is poised to deliver transportation solutions for the 21st century. More than 135 facilities and more than 78,000 employees throughout Canada, Mexico and the U.S. are involved in product manufacturing, assembly, engineering, product development and sales. Magna is helping the largest manufacturing industry on land to bring about this dramatic change. In South America, the main reason for the world's most untapped development is the challenging market in South America. Brazil and Argentina are expected to lead the way in sharp growth over the next decade, which will put the region on track as a major market for cars and trucks. Magna has 10 manufacturing facilities, 3 product R&D engineering sales centers, and 3,050 employees on this continent. In Europe, one of the world's most dynamic global manufacturing hubs is located in the European Union, the birthplace of the automobile. The path taken by the EU*** is a long-term path that commits private investment in R&D and the path of pioneering benefits based on green vehicles. The Eastern European market is in the midst of continued growth, and Magna is also experiencing good growth in the region. Magna is a major player in the European Union, with more than 58,000 employees and 106 facilities throughout the region, including a vehicle engineering and assembly site in Graz, Austria. In Asia, the rise of the Chinese market, driven by its sheer size and potential, is reshaping the automotive landscape. China's ambitious manufacturers are becoming more competitive, and Magna is a key partner in its quest to establish a global presence. Magna's strong growth in Asia is inextricably linked to the region's growing global presence. In the region, it has 88 manufacturing facilities, nearly 40,000 employees, and 25 product development, engineering and sales offices. In Africa, Morocco is emerging as a competitive export-oriented production base for global automakers. To capitalize on the growth opportunities here, Magna has established manufacturing and engineering operations in Morocco. The proximity to Europe and the continued growth of the OEM's presence in the region make Morocco an ideal location for Magna to support its customers. 
Fourth, the OEM model, the name of the worldMagna is an important player in the launch of Mercedes-Benz and BMW's best-selling models. It is precisely because Magna has almost complete R&D and production capacity of auto parts except tires and glass, so many well-known car companies have handed over many of their well-known models to Magna for manufacturing and assembly, and even completely let Magna lead the design. BMW's first-generation X3 has nothing to do with BMW, which is just sold on a label, and this model is manufactured at Magna Steyr's factory in Austria. Mercedes-Benz's proud "4matic" all-wheel drive system comes from Magna's powertrain division. There are also many famous cars such as the Aston Martin four-door coupe, Mercedes-Benz big G, Grand Cherokee, BMW 5 series, Toyota Supra, Jaguar i-pace and e-pace, Land Rover, etc., which are either produced by Magna or entrusted to Magna ODM. In 2023, the 500,000th model of Mercedes-Benz Big G will roll off the assembly line by Magna**. 
5. Historical achievements, uncrowned emperorAs the "OEM emperor" of the automobile industry, Magna may not be well-known in the industry, but it does not affect its mythical existence in the automobile industry. According to the "2023 Top 100 Global Auto Parts Suppliers" released by Automotive News, there are 47 companies in the Asia-Pacific region on the list, and Magna is ranked in North America.
1. The world's fourth-largest multinational auto parts manufacturer, second only to Bosch, Denso, and ZF, is also one of the Fortune 500 companies. In 2022, the revenue will be about 277 billion yuan. Almost all well-known automakers are its customers, including Aston Martin, BMW, Volkswagen, Ford, General Motors, Hyundai, Toyota, Honda, Renault-Nissan-Mitsubishi Alliance, Suzuki, and many more. 
Looking to the future, this well-known automobile manufacturing OEM manufacturer is very likely to win a large order from Apple to make a car.