The deal includes industrial collaboration: Sanctuary AI will test its humanoid robots in complex manufacturing, and Magna will study the technology and decide how these robots could be useful in the company’s businesses. Magna International is known to be a regular buyer and tester of industrial robots. The company plans to produce Sanctuary Fenix robots in the future.
Magna, global automotive brands Volkswagen AG, Ferrari NV, BYD Co. Since it is a part supplier to a total of 58 automobile manufacturers, such projects are important for the automobile parts manufacturer. However, the amount of investment in the project was not disclosed.
Source: Ferra
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