MG/CN Magna International Inc.

Paving the Way to Powertrain Electrification

Paving the Way to Powertrain Electrification

  • Magna is helping automakers prepare for a future that emphasizes electrification
  • Magna’s new e4 technology demonstrator car sets a new benchmark in EV efficiency, driving dynamics and range
  • Affordable electromobility through scalable, modular drive systems

ARJEPLOG, Sweden, Feb. 26, 2020 (GLOBE NEWSWIRE) --  Magna’s roadmap to e-mobility includes technologies showcased in the all-new e4 technology demonstrator car, debuting today during the company’s winter test-driving activities in northern Sweden.

The e4 showcases Magna’s eDrive systems in a pure EV format at a time when automakers are making and executing plans for decreasing CO2 emissions and meeting legislation requirements around the world. The demo vehicle provides a new benchmark in efficiency and driving dynamics, providing up to 120km more range than current production models.

The e4 technology demonstrator includes highly integrated PSM-type eDrive systems on the front and rear axle. The unit on the front is equipped with a mechanical differential, while the unit on the rear has a twin-clutch torque vectoring system. Both eDrives, including the gearbox, electric motors, inverters, inverter software, and vehicle control strategy, are developments from Magna.

The e4 is the latest example of Magna’s modular and scalable powertrain solutions as the mobility technology company helps automakers prepare for a future that emphasizes electrification. These powertrain solutions also include:

  • The e2 prototype, which allows a demonstration of Magna’s scalable, modular drive technologies and a comparison of eight different powertrain configurations within a single vehicle architecture;
  • Dual-clutch transmissions (DCTs) such as the 7DCT300, which recently hit the one million mark in production at Magna’s powertrain manufacturing facility in Neuenstein, Germany; and
  • A comprehensive portfolio of powertrain products to cover the wide range of possible drivetrain architectures.

Magna expects that global growth in e-mobility will include mild and micro hybrids, high-voltage hybrids and electric vehicles.

“We are positioned to capitalize on the changing landscape with a strong product portfolio that covers various powertrain types,” said Tom Rucker, President of Magna Powertrain. “From reducing CO2 and supporting sustainability goals to delivering dynamic, fun-to-drive performance, we can lead automakers through the powertrain transition with our modular and scalable powertrain configurations.”

TAGS

Hybrid and electric vehicles, dual-clutch transmissions, e-mobility

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, (+1) 905.726.7035

MEDIA CONTACTS

Tracy Fuerst, Global Director of Corporate Communications & PR

, (+1) 248.631.5396

Rej Husetovic, Director Corporate Communications & Media Relations Europe

, (+49) 6093 9942-5056

ABOUT MAGNA

We are a mobility technology company. We have more than 165,000 entrepreneurial-minded employees and 346 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. We have 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. Magna also has electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit .

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT .

A photo accompanying this announcement is available at

EN
26/02/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Magna International Inc.

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 3Q25 – Autos: Limited near-term visibility, but our cycle thesis...

Today, we are publishing the Automotive section of our 29th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. We will publish sections on Hyperscale & Cloud, Telecom Equipment, Industrials, PCs, Enterprise IT, and Foundry later this week. Auto demand came in above expectations, with limited signs of an air-pock...

 PRESS RELEASE

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Progr...

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program GUANGZHOU, China and AURORA, Ontario, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV AION V is now underway at Magna’s Graz facility. “Europe is a vital market in GAC’s global development,” said Wei ...

 PRESS RELEASE

Magna Deepens China Footprint to Meet Growing EV Demand

Magna Deepens China Footprint to Meet Growing EV Demand New facility in Wuhu to produce electric drives for Chery and support future growthMagna advances electrification capabilities and market reach in ChinaExpansion expected to create approximately 200 new jobs AURORA, Ontario, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Magna is strengthening its presence in China with a new facility in the Jiujiang Economic Development Zone, Wuhu to support the growing demand of electric drive systems—starting with Chery and positioned to serve additional automakers in the future. As China’s automotive indust...

 PRESS RELEASE

Magna Announces Renewal of Normal Course Issuer Bid

Magna Announces Renewal of Normal Course Issuer Bid NCIB authorizes the discretionary repurchase of up to 25,300,000 Magna Common Shares, representing approximately 10% of Magna’s public float.NCIB takes effect on November 7, 2025, and terminates no later than November 6, 2026. AURORA, Ontario, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange’s (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,300,000 Magna Com...

 PRESS RELEASE

Magna Announces Third Quarter 2025 Results

Magna Announces Third Quarter 2025 Results Strong execution and operational excellence drove improved performanceYear-over-year comparison (third quarter of 2025 versus third quarter of 2024): Sales increased 2% to $10.5 billion, supported by a 3% rise in global light vehicle productionIncome from operations before income taxes was $473 million, down 32%, as the prior year included recognition of Fisker deferred revenue as Other incomeAdjusted EBIT increased 3% to $613 million, with a 10 basis-point improvement in Adjusted EBIT marginDiluted earnings per share were $1.08; Adjusted diluted e...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch