Veoneer

Magna
We are the world's fourth-largest automotive supplier, with a complete system ranging from components to system modules to complete vehicle assembly, which is unique in the industry. Two-thirds of vehicles on the market are equipped with Magna products, which come from 341 factories and 88 product development, engineering, and sales centers across 29 countries and regions worldwide. Over 170,000 employees are wholeheartedly committed to achieving product and process innovation with excellent manufacturing standards, delivering superior value to our customers.

Magna Electronics
In June 2023, Magna Electronics acquired Veoneer's active safety business, expanding its active safety footprint with the capability for complete system solutions, including full-stack ADAS solutions covering all relevant sensors, domain controllers, and functional algorithm software, scalable system solutions supporting L3 functionality, and intelligent vehicle delivery experiences with fully integrated ADAS features. Magna Electronics has over 7,200 employees globally, including 3,500 engineering development personnel, and operates 9 manufacturing facilities and 30 engineering/sales centers worldwide.

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