Mr. Diba Ilunga reports

MAGNA DEBUTS SCALABLE, ECO-FRIENDLY ICE TO HYBRID TRANSMISSION FOR EUROPEAN OEM

Magna International Inc. is accelerating the industry's move toward a cleaner future with the debut of its innovative dual-clutch transmission Eco (DCT Eco) solution for a European OEM (original equipment manufacturer). This contract marks the first high-volume award for the new transmission family and supports various models in global markets with ICE (internal combustion engine) transmissions.

While the awarded business is exclusively for non-hybridized ICE vehicles, Magna's DCT Eco can be easily tailored to support both ICE and hybrid powertrain strategies on the same vehicle platform needing only minor changes. Its modular design provides high efficiency and an excellent torque-to-weight ratio in a very compact form, delivering significant CO2 (carbon dioxide) benefits in conventional B-segment and C-segment vehicles.

"We are taking an agnostic approach in supplying power to wheels, and our DCT Eco is a great example of a cost-efficient and flexible solution," said Diba Ilunga, president of Magna Powertrain. "Today, we are seeing increased customer demand for hybrids worldwide to further reduce CO2 emissions. While our transmission award will support non-hybridized ICE vehicles, our Eco product family can serve as a stepping stone for any customer looking to facilitate future hybridization of their vehicle platforms without the need for expensive vehicle restructuring."

Magna's building block strategy allows for easy scalability of the DCT Eco, enabling OEMs to easily hybridize their platforms staying in the same dual-clutch transmission base architecture. Magna's HDT Eco (hybrid drive transmission) 48 volts or HV (high voltage) and DHD Eco (dedicated hybrid drive) support everything from 48-volt mild hybrids up to 120-kilowatt, 400-volt solutions.

Magna has already started production for this program. The DCT Eco was successfully launched in vehicle models earlier this year in South America, with various European models set to follow in 2025.

About Magna International Inc.

Magna is more than one of the world's largest suppliers in the automotive space. Magna is a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 177,000 employees across 345 manufacturing operations and 105 product development, engineering and sales centres spanning 28 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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