Bullboard - Stock Discussion Forum Magna International Inc T.MG

Alternate Symbol(s): MGA

Consumer Cyclical Auto Parts

Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and... see more

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Magna International Inc > Magna Awarded New High-Voltage eDrive Business

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Post by Betteryear2 on May 03, 2023 7:14am

Magna Awarded New High-Voltage eDrive Business

Coming to market on 2027 model SUVs and sedans
Enables fast reconnect through new decoupling system
Power range from 100 kW to 140 kW, optimized for 800V, delivers affordable costs

AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announced it has been awarded a high-volume contract with a Europe-based Global Premium OEM to supply its new eDrive system (eDS Mid). The eDrive is planned for 2027 model SUVs/sedans, with production expected to begin in 2026.

Magna Awarded New High-Voltage eDrive Business With (globenewswire.com)

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