March 31, 2026 | 15:16 | Wim De Preter The Taiwanese-Chinese group Foxconn is acquiring a majority stake in Magnax, a Kortrijk-based developer of innovative electric motors. Together, they plan to produce them industrially starting next year. The essence Taiwanese Foxconn has…
Kortrijk, Belgium — March 16, 2026 Pan-International Industrial Corp., together with Foxconn Group and incoming management members, will jointly invest €35.5 million in Belgian deep-tech company Magnax through a two-stage capital increase. The transaction has received foreign direct investment (FDI)…
December 24, 2020 | Marc De Roo | The start-up Magnax has developed a new electric motor that delivers three to four times more power than the best-in-class motors in e-cars. It plans to start assembly in 2022. https://www.tijd.be/ondernemen/auto/deinzenaars-bouwen-e-motor-van-de-toekomst/10273771.html