TSX:MGAuto Components
Magna International (TSX:MG): Assessing Valuation Following New European EV Contract with XPENG
Magna International (TSX:MG) just signed a new assembly contract with XPENG for the European market, sharpening its focus on electric vehicles. This move highlights the company's strategic expansion and could influence its future revenue streams.
See our latest analysis for Magna International.
Magna’s latest European deal adds momentum to a year of steady improvement, with its 1-year total shareholder return at 17.05% thanks to strengthening core operations and a recovering auto sector...