MG/CN Magna International Inc.

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

  • Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM
  • New 800V solution ensures a smooth and comfortable experience in all driving conditions
  • Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility

AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company’s flexible approach to supplying power to wheels.

Magna's DHD Duo system delivers a longitudinal front drive solution featuring an advanced dual e-motor and multi-speed design. The high-powered 800V system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna at the forefront of hybrid technology innovation.

“Our DHD Duo system embodies our commitment to creating exceptional driving experiences that are kinder to the planet,” said Diba Ilunga, President Magna Powertrain. “This hybrid solution offers our customers efficiency and versatility to meet both market demands and environmental goals, without sacrificing performance or comfort.”

Addressing the challenge of integrating longitudinal hybrid systems in both passenger and commercial vehicles, the DHD Duo leverages compact and highly integrated dog clutch technology. This allows for application of the DHD Duo system across multiple vehicle models without the need for structural modifications, offering unmatched flexibility to OEMs.

The longitudinal DHD Duo front drive is part of Magna's DHD Duo family. Its scalable design supports B to E vehicle segments, including SUVs, pickups, and light buses. It provides a flexible architecture switch between P1+P3, P2+P3, and range extender configurations, accommodating electric, serial, and parallel driving modes.

By addressing a product gap in the longitudinal front-drive, multi-speed 800V hybrid transmission market, Magna’s DHD Duo offers a versatile solution for global markets.

Production is scheduled to start in Q3 2025, at Magna’s Nanchang facility.

For more information on Magna’s DHD Duo system, visit the company’s .

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, 905-726-7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications & PR

, 248-761-7004

ABOUT MAGNA

Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape. 

For further information about Magna (NYSE:MGA; TSX:MG), please visit or follow us on social.

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 .

 



EN
19/11/2024

Underlying

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

Reports on Magna International Inc.

 PRESS RELEASE

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook  Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle productionDiluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectivelyGenerated $1.9 billion in cash from operating activitiesReturned $335 million to shareholders through dividends and share repurchasesRaised quarterly cash dividend to $0.485 per share, marking our 15th consecutive year of fourth quarter increases Outlook Highlights 2025 Sales expected t...

 PRESS RELEASE

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz Ongoing collaboration underscores commitment to innovation and excellence in the automotive industryPartnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roaderMagna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation...

 PRESS RELEASE

Magna International Inc. Announces Date for Q4 & Year End 2024 Results...

Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast AURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST  FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration:   DIAL-IN DETAILSParticipant Toll-Free Dial-In:1-800-715-9871Participant Toll Dial-In:1-646-307-1963Conference ID:9829976Slide presentation will be available on our website prior to the call  REBROADCAST INFORMATIONReplay available...

 PRESS RELEASE

Magna Accelerates Hybrid Innovation With First Dedicated Drive System ...

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEMNew 800V solution ensures a smooth and comfortable experience in all driving conditionsScalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a ...

 PRESS RELEASE

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share P...

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange ("TSX") has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares (the "New NCIB"), representing approximately 10% of its public float. As ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch