Magna's acquisition of Hongli Zhixin accelerates its expansion in the Chinese market.

In September 2025, Magna announced its withdrawal from the joint venture with Magna, making Magna the wholly-owned controlling shareholder. On December 29th of the same year, Magna Hongli Automotive Systems Group Co., Ltd. changed its name to Magna Seating (Chongqing) Co., Ltd., marking Magna's further deepening presence in the Chinese market. This move is not merely a change of company name, but also a microcosm of the changing landscape of China's auto parts industry.