TAIPEI (Taiwan News) — Foxconn and its subsidiary Pan-International Industrial Corp. will invest NT$1.18 billion (US$37 million) to acquire a 52% stake in Belgian startup Magnax, aiming to advance ...

Pan-International has outlined a significant strategic pivot following its joint acquisition with Foxconn Technology Group of Belgian axial flux motor manufacturer Magnax, indicating a move beyond its ...

Magna says it has been awarded a grant by the U.S. Department of Energy (U.S. DOE) to develop and ‘auto-qualify’ advanced electric motor technologies for next-generation vehicle propulsion systems. In ...

The Magna EtelligentTerrain was built to show off prototype versions of its eBeam axle electric power solution. This Jeep Gladiator now uses a 252-hp motor at the front and a 319-hp motor at the rear.

Magna's eBeam electrified live axle is designed to be a direct replacement for today's live-axle rear suspensions, featuring the exact same spring and shock mounts used by internal combustion trucks.

We are yet to see what the solution is for creating electric cars more efficiently. It can either be verticalization – such as Tesla does – or outsourcing everything, including manufacturing. Fisker ...

Magna has announced it has been awarded a high-volume contract with a Europe-based global premium OEM to supply its new eDrive system (eDS Mid). The eDrive is planned for 2027 model SUVs/sedans, with ...