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Canada: Magna clarifies battery investment reports

In response to media reports based on co-chief executive officer Siegfried Wolf's recent comments regarding Magna's plans for potential investment in two lithium-ion battery plants, the supplier has issued official clarification of its stance. Wolf has now stated: "We believe that the market for hybrid and electric vehicles will continue to Subscribe to Automotive World … Continued

In response to media reports based on co-chief executive officer Siegfried Wolf's recent comments regarding Magna's plans for potential investment in two lithium-ion battery plants, the supplier has issued official clarification of its stance.

Wolf has now stated: "We believe that the market for hybrid and electric vehicles will continue to

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https://www.automotiveworld.com/articles/82223-canada-magna-clarifies-battery-investment-reports/

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