Magna to Build Battery Factory in Styria

IndustrialsAutomotive ♦ Published: August 26, 2011; 14:42 ♦ (Vindobona)

The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.

Magna to Build Battery Factory in Styria / Picture: ©

Magna International forms a joint venture with a company of its founder Frank Stronach to build a battery factory close to the city of Graz. Hermann Schützenhöfer, Deputy Governor of Styria, revealed the plans of the component supplier at the European Forum Alpbach. When asked on the project, Stronach confirmed the reports. “We have won a major order from Mercedes and will build a…