TSX:MGAuto Components
Assessing Magna International (TSX:MG) Valuation As Canada Explores New EV Plant Partnership With Chinese Automakers
Canada’s push for a Chinese Canadian electric vehicle assembly plant has suddenly put Magna International (TSX:MG) in focus, as officials flag the auto parts group as a potential joint venture partner.
See our latest analysis for Magna International.
The EV plant discussions come after a mixed stretch for Magna’s stock. A 1 day share price return of 2.33% and a 7 day share price return of 5.13% have helped offset a 30 day share price decline of 5.60%. Over a longer horizon, the 1 year total...