A recent report out of Austria states that local contract manufacturer Magna Steyr has been chosen by Volkswagen’s new all-electric truck brand Scout, to develop the latter’s first wave of vehicles. The order is reportedly worth nearly $500 million – potentially Magna Steyr’s biggest development contract ever.
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North American restaurant chain Marco’s Pizza has announced a new agreement with Magna International to test out a number of last mile delivery methods. One of the methods includes fully-autonomous pizza delivery EVs seen in the video below.
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Alongside targets outlined in the Paris Climate Agreement, Magna International has submitted goals to be validated by the Science Based Targets initiative (SBTi) to reach net-zero carbon emissions by 2050. En route to that target, the global contract manufacturer had introduced several near-term sustainability goals.
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One of the world’s largest automotive suppliers is investing big bucks to expand its footprint in North America – a market in which it’s already #1. Today, Tennessee’s Governor announced Magna International will invest nearly $800 million dollars to become the first supplier and Ford’s new BlueOval City.
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Yes, that’s a Jeep Gladiator in the image above, which is inherently not electric (quite the opposite actually). However, thanks to Magna International’s new EtelligentTerrain EV powertrain system, 4WD combustion vehicles like Jeeps will soon be able to tear up muddy terrain without any emissions. I recently got invited to Mt. Magna in Michigan, where I tested the new EV powertrain system, climbed the mountain, and sprayed mud EVERYWHERE. Watch me go below.
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Building off a previous relationship with INEOS Automotive for contracted vehicle engineering, Magna is adding a new model to its complete vehicle manufacturing branch – an all-electric 4×4 designed to go off-road.
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Contract manufacturer Magna International shared plans to invest over $470 million to expand its existing operations across Ontario, Canada, expecting to create over 1,000 new jobs. In addition to the expansion of five of its current facilities in Canada, Magna will lease a battery enclosure plant to support the production of the Ford F-150 Lightning and future EVs from other OEMS.
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Auto manufacturing giant Magna International (MGA) announced today it would be expanding its partnership with General Motors (GM) to supply battery enclosures for the new 2024 Chevy Silverado EV set to begin production later this year.
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American EV automaker Fisker Inc. has just hit a major company milestone years in the making. Contract manufacturer Magna Steyr has officially begun production of the Fisker Ocean SUV at its carbon neutral facility in Graz, Austria. With Magna’s help, this second iteration of the Fisker brand continues to prove the naysayers wrong while moving to deliver a truly unique looking EV.
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Contract manufacturing superpower Magna International announced it is investing over $500 million to erect two new manufacturing facilities and expand a third in the state of Michigan. The new and expanded Magna facilities will develop components specifically for the growing market of electric vehicles and are expected to create over 1,500 new jobs in Michigan.
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During the North American International Auto Show today in Detroit, Michigan, mobility tech company Magna International shared its progress of a novel last-mile delivery robot designed for urban environments. The company has been piloting the fully autonomous three-wheeled robot in Detroit since March, where it has been transporting pizzas to nearby customers. The pilot program follows two additional mobility programs the contract manufacturer is already exploring.
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Magna Steyr – an Austrian-based contract manufacturer owned by Magna International – recently shared aspirations to enter the US market and produce vehicles in a climate-friendly facility in North America. The facility overseas currently manufactures the Jaguar I-Pace and will begin production of the Fisker Ocean in November. Based on revised terms for US federal tax credits, could a move by Magna happen?
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Global contract manufacturer Magna International has agreed to produce and scale a fleet of autonomous delivery robots for silicon valley-based robotics company Cartken. The robots are being built at a Magna facility in Michigan and will soon offer autonomous last-mile deliveries to businesses around the world.
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During its 2022 annual stockholder meeting this morning, Fisker CEO Henrik Fisker shared several updates regarding the company and its progress in delivering its flagship Ocean SUV this fall. Despite supply chain constraints throughout the automotive industry, all skies look clear ahead according to Fisker, thanks in large part to a long-term agreement with contract manufacturer Magna International.
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During a media day for Magna International’s “Tech Week,” we got to visit the M1 Concourse in Pontiac, Michigan, to test drive some of the contract manufacturer’s electrified tech. This included a GMC Sierra 2500 converted to a BEV using Magna’s Etelligent Force 4WD powertrain. With it, we were able experience the system’s 14,500 lb towing capacity and drive some other unique EVs too.
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LG Magna ePowertrain, a recently launched joint venture between LG Electronics and Magna International, has broken ground on a new facility in Mexico, the JV’s first production footprint in North America. When completed, the 260,000-square-foot plant will produce a multitude of powertrain components to support electric vehicle production from General Motors (GM).
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Automotive manufacturing powerhouse Magna International is kicking off 2022 by highlighting its EtelligentForce technology, a 4WD EV powertrain system designed specifically for pickup trucks and light commercial vehicles. Magna’s EtelligentForce was designed to maintain a pickup’s full capabilities without compromising payload or towing capacities.
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Manufacturing juggernaut Magna International has shared details of its EtelligentReach EV powertrain, set to debut on a new entrant vehicle in 2022. The new powertrain technology joins a growing list of electrification components Magna is developing and implementing into OEM vehicles to help further accelerate EV adoption.
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In a recent announcement, Fisker and Magna International Inc. have finalized a long-term manufacturing agreement. The binding agreement coincides with previous agreements between both parties regarding EV platform sharing and ADAS systems. As part of the latest agreement, Magna will produce Fisker’s upcoming electric Ocean SUV in November 2022.
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Fisker Inc. has offered an update to its recently announced deal with Foxconn to develop an affordable EV together. Although the original news surfaced months ago, Fisker and Foxconn have now shared that they anticipate this EV to cost under $30,000 before tax incentives.
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REE Automotive has announced a “strategic collaboration” with Magna International, which will allow both companies to explore the possibilities of fully modular electric vehicles (MEVs) and bring them to market. According to a press release, these MEVs will be based around the REEcorner technology and will don a “Powered by REE” brand.
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This week’s EV spotlight is on an automotive manufacturer that is by no means up and coming. Magna International has over 60 years of experience manufacturing auto parts. However, it is the company’s recent focus on electric mobility solutions and AI that has earned it an Electrek spotlight.
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Samsung has acquired the battery pack business of leading automotive parts supplier Magna International. The move, according to a statement from the companies, will “enhance Samsung SDI’s capabilities in batteries for electric vehicles.”
While Samsung producing batteries and energy storage solutions for vehicles isn’t exactly new—it already supplies batteries for Tesla and others—there is an Apple Car connection in its latest acquisition…
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