MG/CN Magna International Inc.

Magna Leverages Cloud Connectivity and Advanced E-Mobility Innovations to Decrease Emissions and Increase Range

Magna Leverages Cloud Connectivity and Advanced E-Mobility Innovations to Decrease Emissions and Increase Range

  • Company debuts two advanced electrified propulsion systems on ice and snow-filled test track
  • Intelligent, connected PHEV drivetrain reduces emissions by up to 38%
  • Next gen AWD eDrive technology extends range by 20% and improves driving dynamics 

ARJEPLOG, Sweden, March 04, 2021 (GLOBE NEWSWIRE) -- Magna’s now includes the company’s all-new connected PHEV drivetrain and next gen battery electric drive systems. Debuting today, both systems were on full display at the company’s Winter Test driving location in northern Sweden. On a frozen track under demanding climatic and driving conditions, the technologies proved their functional advantages including better efficiency, range and driving dynamics.

The Magna EtelligentEco, an intelligent, connected PHEV system that reduces greenhouse gas emissions by up to 38%, offers a unique cloud connectivity feature allowing it to perform several new functions previously not possible. It accounts for local electricity sources when charging is required and recommends a greener power option to the driver.

Additionally, the driver can employ smart cruise control and eco routing which includes topology and traffic status to help determine the most efficient path to a destination. The combination of these features with its specially-tuned operating software and controls, and its all-new dedicated hybrid transmission, enable the significant CO2 reductions.

Within the PHEV is Magna’s dedicated hybrid transmission with a 120-kW e-motor at its functional core. The system performs in dynamic driving situations, as well as launch and reverse driving, all in electric mode. The Magna EtelligentEco offers a driving range of 62 miles.

The Magna EtelligentReach is an all-electric AWD solution with next-gen technology options including intelligent operating software and controls. The advanced technology now delivers an unprecedented range increase and further enhanced driving dynamics. In fact, with innovation upgrades to the software and hardware, the range is extended another 20% or more than 145 km in total when compared to existing vehicles in production.

In addition, the latest updates include an advanced decoupling function, inverters with silicon carbide technology, and a further-improved operating software, which result in advancements that will benefit all of Magna’s electric drive solutions and next-generation hybrid drives.

“As automakers continue to progress towards a zero-emissions future, we are the supplier partner that can give them new and innovative products to help them get there,” said Tom Rucker, President Magna Powertrain. “Based on our vehicle systems expertise and scalable building blocks technology approach, we can match our customers’ needs with complete electrified powertrain solutions as well as subsystems and components.”

TAGS

EtelligentEco, EtelligentReach, all-electric AWD solution, powertrain electrification

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, (+1) 905.726.7035

MEDIA CONTACTS

Tracy Fuerst, Vice President, Corporate Communications & PR

, (+1) 248.761.7004

Rej Husetovic, Director, Corporate Communications & Media Relations Europe

, (+49) 6093 9942-5056

ABOUT MAGNA

We are a mobility technology company. We have more than 158,000 entrepreneurial-minded employees and 342 manufacturing operations and 91 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 .

Photos accompanying this announcement are available at



EN
04/03/2021

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 Posts 2025 Annual Report

Magna Posts 2025 Annual Report AURORA, Ontario, March 27, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2025 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, . Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at ) and the U.S. Securities and Exchange Commission (accessible through its website at ). Please click for the 2025 Annu...

 PRESS RELEASE

Magna Unveils DHD REX Hybrid Drive for Enhanced EV Range

Magna Unveils DHD REX Hybrid Drive for Enhanced EV Range Flexible, efficient range extensionModular, scalable architecture validated across B-E vehicle segmentsReady-to-integrate hybrid system design engineered for global OEM needs AURORA, Ontario, March 24, 2026 (GLOBE NEWSWIRE) -- Magna is expanding its dedicated hybrid portfolio with the introduction of DHD REX, a dedicated hybrid drive for range extended electric vehicles (REEVs) engineered to deliver an electric-like driving experience with instant torque response, smooth and quiet operation, and seamless range extension. The ready-...

Pierre FerraguÊ
  • Pierre FerraguÊ

Autos: Correction progressing; awaiting inflection. Bible 4Q25

Today, we are publishing the Auto section of our 30th 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. In the coming weeks we will publish sections on Hyperscale & Cloud, Telecom Equipment, PCs, Enterprise IT, and Foundry. Auto demand came in above expectations. Semiconductor revenue growth remains muted as cu...

 PRESS RELEASE

Magna Announces Fourth Quarter 2025 Results and Provides 2026 Outlook

Magna Announces Fourth Quarter 2025 Results and Provides 2026 Outlook Fourth Quarter 2025 Highlights(1) Magna delivered solid fourth-quarter results, reflecting disciplined execution, and improved operating performance. Year-over-year comparison (fourth quarter of 2025 versus fourth quarter of 2024): Sales increased 2% to $10.8 billion, despite a 1% decline in global light vehicle productionIncome from operations before income taxes was $114 million, including non-cash impairment charges of $615 millionAdjusted EBIT increased 18% to $814 million, with Adjusted EBIT margin expanding 100 b...

 PRESS RELEASE

Magna International Inc. Announces Date for Q4 & Year End 2025 Results...

Magna International Inc. Announces Date for Q4 & Year End 2025 Results and 2026 Outlook Webcast AURORA, Ontario, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:)  MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORQ4 & YEAR END 2025 RESULTS and 2026 OUTLOOK WEBCAST FRIDAY, FEBRUARY 13, 2026 @ 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 avai...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch