<ul><li>Magna International has expanded its partnership with Serve Robotics to increase production of Serve's sidewalk delivery robots.</li><li>Under the new agreement, Magna is the exclusive contract manufacturer of Serve's autonomous systems, supporting the plan to deploy up to 2,000 robots on the Uber Eats platform.</li><li>Serve Robotics recently went public and raised $40 million, and this collaboration with Magna will help scale their robotic fleet.</li><li>The global market for robotic last-mile delivery is predicted to grow from $70 million in 2022 to $670 million by 2030.</li></ul>

Magna to manufacture more Serve Robotics last-mile delivery systems

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