Foxconn invests 35.5 million euros in Belgian axial flux motors

April 8, 2026 | Tom Cassauwers | 2 minute read | Leuk dat je geïnteresseerd bent in onze artikelen. Prima als je deze tekst bewaart in je persoonlijke archief. Op ons werk rust echter auteursrecht. Geheel of deels kopiëren om het vervolgens te publiceren is dan ook niet toegestaan. Het originele artikel is te vinden op: https://hightechsystems.nl/artikel/foxconn-investeert-355-miljoen-euro-in-belgische-axiale-fluxmotoren/. The Belgian company Magnax was acquired by Foxconn for 35.5 million euros. Foxconn is tasked with large-scale industrialization of Magnax’s new yokeless axial flux motor in China. Magnax is initially focusing on industrial markets, after which the motor is also intended to be used in electric vehicles. The Taiwanese technology company Foxconn has acquired Magnax, a Belgian specialist in electric motors. Through its subsidiary Pan-International, Foxconn is paying 35.5 million euros for a majority stake. They intend to produce Magnax’s electric motor on a large scale in China. Magnax developed a yokeless axial flux motor. This operates differently from conventional radial flux motors, where the magnetic flux is perpendicular to the axis of rotation. In the axial flux motor, the flux runs parallel to the axis, which is intended to make the motor more efficient. Magnax has been working on this technology since 2015. Image: Magnax “In Europe, the threshold for OEMs to scale up new products is often high,” says Peter Leijnen, founder and managing director of Magnax. “In Asia, people are much quicker to get started with innovations.” The acquisition means that Magnax will get a new CEO from China. Who that will be is not yet known. Leijnen emphasizes that R&D will remain in Belgium; only production is moving to China. ‘There we can produce more efficiently and suffer less from supply problems, for example with magnets. In Belgium, we want to create high-quality jobs. This is a win-win.’ Magnax is initially focusing on the industrial market, where motors do not need to be as complex and there is more openness to innovation. The move to the automotive sector will follow later. “We are considering, for example, ventilation motors for data centers, a huge growth market,” says Leijnen. “Data centers are looking for new ways to reduce their energy costs. But pumps, automation, and robotics are also interesting markets for our motor.”