Mr. Louis Tonelli reports

MAGNA ACCELERATES HYBRID INNOVATION WITH FIRST DEDICATED DRIVE SYSTEM AWARD

As original equipment manufacturers increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna International Inc. has secured its first award for a dedicated hybrid drive Duo system with a leading Chinese OEM. This recognition underscores Magna International's commitment to innovation and sustainability, as well as the company's flexible approach to supplying power to wheels.

Magna International's DHD Duo system delivers a longitudinal front-drive solution featuring an advanced dual e-motor and multispeed design. The high-powered 800-volt system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna International 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 International'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 plus P3, P2 plus P3 and range extender configurations, accommodating electric, serial and parallel driving modes.

By addressing a product gap in the longitudinal front-drive, multispeed 800-volt hybrid transmission market, Magna International's DHD Duo offers a versatile solution for global markets.

Production is scheduled to start in third quarter 2025 at Magna International's Nanchang facility.

About Magna International Inc.

Magna International is more than one of the world's largest suppliers in the automotive space. It is 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-plus years of expertise, its ecosystem of interconnected products, combined with its complete vehicle expertise, uniquely positions it to advance mobility in an expanded transportation landscape.

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