Canada: Magna confirms battery factories plan

Magna's co-chief executive officer Siegfried Wolf has confirmed at an event in Vienna, Austria that the company is currently searching for locations for two planned lithium-ion battery plants. One facility will be constructed in the US and one in the EU, each requiring an investment of US$200m-300m. Decisions on the battery plant Subscribe to Automotive World … Continued

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• May 25, 2010