magna international Stories June 22

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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magna international Stories May 14

Fisker's Project PEAR teaser image / Source: Fisker Inc.
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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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magna international Stories April 12

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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magna international Stories March 30

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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magna international Stories February 23, 2015

Samsung-batteries

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… expand full story

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