Tag: Magna

Nov 17, 2022 - 04:01 pm

Magna completes the first Ocean

Production of the Fisker Ocean has started on schedule at the contract manufacturer Magna in Graz. However, production of the electric SUV, for which Fisker has registered more than 63,000 reservations so far, is not expected to really pick up speed until next year. In addition, the configurator with the final prices is now online.

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Oct 26, 2022 - 05:27 pm

Magna expands EV component production in the USA

The automotive supplier Magna International is investing more than 500 million US dollars in two new production sites and the expansion of an existing plant in the US state of Michigan. An important customer for the eMobility components is General Motors.

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Oct 10, 2022 - 02:24 pm

USA: Magna may develop “rugged” Scout EVs for VW

Volkswagen may turn to Magna International to help them relaunch the Scout brand in the USA with a range of “rugged” new offroad EVs. Apparently, VW is in talks with the contract manufacturer and continues to consider getting a dedicated new platform for these vehicles.

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Sep 22, 2022 - 12:25 pm

Magna invests in Yulu Mobility

Magna is expanding into the micro-mobility market by investing $77 million in Yulu, India’s largest electrified scooter-sharing provider, and creating a battery-swapping service joint venture.

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Aug 22, 2022 - 11:42 am

Fisker looks to expand production of the ‘Ocean’

The electric car startup Fisker has announced that it is considering increasing production at contract manufacturer Magna in Graz beyond the previously planned 50,000 units per year from 2024 due to the high level of interest in its Ocean electric SUV. In addition, Fisker is looking into producing the Ocean in the US.

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Aug 4, 2022 - 02:13 pm

Magna completes the first Fisker Ocean prototypes

Contract manufacturer Magna has completed the first 55 prototypes of the Fisker Ocean, which will now undergo various final tests before series production of the electric SUV is scheduled to begin at Magna in Graz on 17 November 2022.

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May 2, 2022 - 01:45 pm

Fisker to triple production of the ‘Ocean’

Fisker is aiming to triple production of its Ocean all-electric SUV model from 2024 through contract manufacturer Magna. This is to be prepared for the expected increase in demand as soon as the first examples are on the road.

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Jan 26, 2022 - 01:55 pm

Addionics closes financing round with $27 million

The Israeli battery technology company Addionics has closed a series A financing round of 27 million US dollars. The backers include automotive supplier Magna International and aluminium recycler Novelis. The startup plans to use the funds to advance its technology, among other things.

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Nov 18, 2021 - 01:44 pm

Fisker shows Ocean e-SUV series design + details

Fisker has just presented its electric SUV Ocean in the design meant for series production along with more details on the technology and the prices of the individual versions. The Fisker Ocean is scheduled to start rolling off Magna production lines in Austria on 17 November 2022.

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Aug 21, 2021 - 03:05 pm

Evergrande looks to withdraw from EV businesses

The Chinese real estate group Evergrande looks like it is on the verge of withdrawing from the automobile business. According to a media report, the indebted group is looking into selling the division to other Chinese carmakers.

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Aug 17, 2021 - 11:19 am

Magna joins ACM as development partner

ACM Adaptive City Mobility GmbH is apparently targeting mass production of the ACM City One in 2024. The Munich-based company and contract manufacturer Magna have signed a letter of intent to jointly develop the City One to production readiness, according to a report.

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Jul 28, 2021 - 12:17 pm

LG Electronics & Magna launch joint venture

The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers, as well as complete electric drive systems, has now been sealed. The joint venture’s management team is also now in place.

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Apr 13, 2021 - 12:23 pm

Magna & Ree to develop light EVs

The Israeli start-up Ree Automotive wants to develop and build light commercial vehicles (LCVs) together with the supplier and contract manufacturer Magna – based on Ree’s technology. A corresponding strategic cooperation agreement has now been signed.

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Mar 5, 2021 - 01:07 pm

Magna presents new battery-electric and hybrid drives

Automotive supplier Magna has unveiled two new drive systems – one for plug-in hybrids and pure electric cars. In developing them, the company says it has placed emphasis on efficiency and aims to increase ranges – or in the case of the PHEV, reduce emissions.

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Dec 29, 2020 - 01:21 pm

LG Electronics & Magna start EV joint venture

LG Electronics and Magna have announced a joint venture to manufacture electric motors, inverters and onboard chargers. The joint venture, tentatively named ‘LG Magna e-Powertrain,’ will also manufacture complete electric drive systems for automobile manufacturers.

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Oct 17, 2020 - 12:27 am

Fisker Ocean to be manufactured by Magna in the EU

Contract manufacturer Magna has announced a cooperation with Fisker. This includes the production of the electric SUV Ocean, scheduled to start in the fourth quarter of 2022. This also makes it clear that Fisker Ocean will not be based on Volkswagen’s MEB.

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May 25, 2020 - 02:08 pm

Evergrande breaks ground on e-drive production plant

The extremely ambitious electric car plans of the Chinese Evergrande Group are becoming more concrete: In Huzhou in Zhejiang Province, local media reported that the ground-breaking ceremony for a production facility of Evergrande for electric drive systems has now taken place.

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May 5, 2020 - 01:29 pm

BAIC brand Arcfox launches debut BEV in China

The first series-production electric car from Arcfox, a dedicated EV brand by BAIC BJEV, is now going on sale in China. The Arcfox Alpha-T is a large electric SUV with premium standards and a range of over 650 kilometres.

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Jan 7, 2020 - 12:57 pm

Sony presents their own concept EV at CES

Sony has surprisingly presented their very own prototype of an electric car at the CES, though the electronics giant has been keeping any production plans to themselves. Sony’s electric limousine named Vision-S is based on a specially developed electric car platform for which international suppliers were involved.

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Nov 13, 2019 - 01:35 pm

Evergrande to introduce first EV in 2020

The Chinese Evergrande Group has invested a further 3 billion US dollars into its Swedish subsidiary NEVS as well as concluding strategic cooperation agreements with no less than 60 suppliers for its electric car plans.

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Nov 4, 2019 - 01:31 pm

Magna working on next gen electric motor

In the USA, Magna is now working with the Illinois Institute of Technology and the University of Wisconsin-Madison to develop an electric motor with a significantly higher power density and lower costs. The project is funded by the U.S. Department of Energy.

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Oct 31, 2019 - 02:50 pm

BMW orders hybrid drives from Magna

Magna has received its most significant production order for transmission technologies in the company’s history from the BMW Group. The multi-year contract covers all front-wheel-drive dual-clutch transmissions, including hybrid transmissions.

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Jul 25, 2019 - 01:35 pm

China: Magna & BAIC to cooperate on EV production

Magna and BAIC have officially signed a framework agreement with the government of the Chinese city of Zhenjiang for the production of electric vehicles. The joint venture, led by BJEV, BAIC’s electric car subsidiary, is Magna’s first investment in a complete vehicle production site outside Europe.

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Mar 13, 2019 - 01:31 pm

Arcfox presents three models in Geneva

At the Geneva Motor Show, Arcfox, a BAIC BJEV brand, unveiled three new vehicles. The new models retain the features of the Arcfox GT and are certified by the European trade association.

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Found on electrive.com
https://www.electrive.com/2022/11/17/magna-completes-the-first-ocean/
17.11.2022 16:52