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Magna International (TSX:MG) Lands Chery EDrive Win As Valuation Debate Heats Up
Magna International (TSX:MG) is back in focus after announcing an 800V electric drive program award from Chery that will anchor production of next generation eDrive systems at Magna’s new Wuhu facility in China.
See our latest analysis for Magna International.
The Chery eDrive award has landed while Magna International’s share price has climbed to CA$97.91, supported by a 30.51% year to date share price return and a 78.69% total shareholder return over the past year, which points to building...