The automotive supplier Magna International is investing more than 470 million US dollars in six locations in the Canadian province of Ontario. The most capital-intensive of these six projects is the construction of a new battery casing plant at the Brampton site.
Read more
Magna will supply battery enclosures to the new Chevrolet Silverado EV, said to hit the read in 2024. Production of the battery cases will begin later this year at the Magna Electric Vehicle Structure facility in St. Clair, Michigan, US.
Read more
Volkswagen now apparently favours external production for the US electric car subsidiary Scout. According to a media report, the company is in talks with the contract manufacturer Foxconn about a plant for the new Scout brand.
Read more- ADVERTISEMENT -
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.
Read more
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.
Read more
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.
Read more- ADVERTISEMENT -
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.
Read more
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.
Read more
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.
Read more
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.
Read more
LG Magna e-Powertrain, the joint venture between LG Electronics and Magna, has begun construction of a new plant in Ramos Arizpe, Mexico. This will produce electric motors, inverters and onboard chargers for General Motors from 2023.
Read more
Magna International has announced establishing a factory in Chatham-Kent in Ontario, Canada. The automotive supplier will build battery housings for the all-electric F-150 Lightning there for customer Ford.
Read more
Magna has started serial production of the electric drive system for the VW ID.4 in China. Specifically, it is the drive unit with 80 kW peak power for the front axle of the all-wheel-drive version ID.4 GTX.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
First carmakers announce closures of factories in Europe due to the Coronavirus crisis unfolding on the continent. PSA will lockdown all vehicle production plants in Europe by 27 March and the French carmaker is not the only one.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
The Chinese real estate group Evergrande is bringing specialized expertise on board for its ambitious electric car plans. The company has now officially signed cooperation agreements with FEV Group, EDAG, IVA Group, AVL and Magna.
Read more