Foxconn's Pan-International Invests €35.5M in Belgian Motor Innovator Magnax
Pan-International Industrial Corp has committed €35.5 million to acquire a 52% stake in Belgian axial-flux motor manufacturer Magnax. This investment aims to enhance Magnax's production capabilities, transitioning it from engineering to high-volume manufacturing for global markets.
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Pan-International Industrial Corp will invest €35.5 million in Magnax, becoming its largest shareholder with a 52% stake. The investment supports Magnax's transition to industrial-scale production of axial-flux motors, which have up to three times the power density of traditional radial-flux machines.
Manufacturing will occur in China, leveraging Foxconn's supply chain and customer access. A new CEO from China will lead this scaling phase. The partnership positions Magnax to serve the humanoid robotics market, targeting a 5% market share by 2030.
This investment also signals a strategic shift for Pan-International toward advanced technologies in robotics and AI infrastructure. Annual revenues are expected to grow over 20% starting in 2026, with humanoid robots possibly constituting over half of the company's revenue by the decade's end.
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