Mr. Diba Ilunga reports

MAGNA AWARDED SPECIALIZED EDRIVE SYSTEM BUSINESS WITH NORTH AMERICA-BASED OEM

Magna International Inc. is growing its electrification customer base with a newly awarded contract from a North America based OEM (original equipment manufacturer) to supply a specialized primary rear eDrive system for one of the company's high-end niche vehicle platforms. The award reinforces Magna's commitment to supporting the automotive industry's short-term and long-term transformational needs.

The highly complex system, a variant of Magna's 800-volt eDS Duo, delivers exceptional power and performance offered by only a few vehicles on the road today. Boasting 726 kilowatts of power and 8,000 newton-metres of torque, this solution integrates two e-motors, two inverters and two gearboxes into a single package.

Magna's responsibilities encompass the design of the gearbox and housing, the cooling system, and the integration of the e-motors and inverters to ensure reliability, efficiency and continuous power levels.

"We are dedicated to assisting our customers in their transition to electrification by providing them with industry-leading electrified platforms for a sustainable, emission-free future," said Diba Ilunga, president of Magna Powertrain. "This award reflects our expertise in electric powertrain system engineering and integration as well as our collaborative approach with a highly valued customer to deliver cutting-edge solutions."

The system will be manufactured at Magna's facility in Ramos, Mexico, with serial production scheduled to start within the next few years.

About Magna International Inc.

Magna is more than one of the world's largest suppliers in the automotive space. The company is a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 181,000 employees across 344 manufacturing operations and 104 product development, engineering and sales centres spanning 29 countries. With more than 65 years of expertise, Magna's ecosystem of interconnected products, combined with its complete vehicle expertise, uniquely positions the company to advance mobility in an expanded transportation landscape.

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