LG and Magna have announced a joint venture to manufacture e-motors, inverters, onboard chargers and related e-drive systems. The new company, tentatively called LG Magna e-Powertrain, combines Magna’s experience in automotive manufacturing with LG’s expertise in component development for e-motors and inverters. LG has plenty of experience in developing electric vehicle components, most notably for… Read more »
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The US DOE has awarded a grant to Canadian parts supplier Magna to develop e-motor technologies for next-generation propulsion systems that are both cheaper and more powerful than today’s technology. The supplier has partnered with the Illinois Institute of Technology and University of Wisconsin-Madison for the initiative. The organizations aim to develop an e-motor that… Read more »
Global automotive supplier Magna has formed a joint venture with Huayu Automotive Systems, a subsidiary of SAIC Motor. The JV’s first product will be an electric-drive powertrain for a German automaker, destined for the Chinese market. Both partners aim to develop localized core competencies in R&D, manufacturing and key parts. Magna is no newcomer to… Read more »
German media site Der Aktionär has reported (via InsideEVs) a rumor that Tesla is considering outsourcing European production of Model 3, possibly to Magna International, a global firm that provides parts to many OEMs, including Tesla, and in some cases even assembles complete vehicles under contract. Peter Haidenek, Finance Chairman of Tesla supplier Polytec, told… Read more »
The word on the street is that Apple is scaling back its automotive ambitions – the New York Times and others have suggested that the company may be planning to develop autonomy software in partnership with an existing automaker rather than build its own car. However, Bloomberg now reports that automotive heavyweight Magna Steyr still… Read more »
Magna International recently announced that it produces the liftgate assembly for BMW’s popular i3. The collaboratively-designed liftgate maintains the BMW i brand appearance and achieves the vehicle’s mass requirements through the use of a lightweight composite structure which integrates the liftgate’s functional systems. Locking and latching systems, rear windshield wiper system, interior trim, exterior painted trim… Read more »
The link between building supertankers and oil rigs and making lithium-ion batteries may not be an obvious one, but the synergy seems attractive to Hyundai Heavy Industries, the world’s largest shipbuilder, which announced Wednesday that it will form a joint venture with Magna E-Car Systems, which supplies a wide range of EV components, including lithium-ion… Read more »
The project is a partnership between Magna and GM, partly financed by a grant from the Ontario government.
The surprise star of the CES tech show seems to be a concept EV from Sony. Yes, that Sony. Is everyone going to get into the EV game now? Who’s next, a vacuum cleaner company? The electric, autonomous, connected automobile is a new frontier for electronics companies, and Sony’s VISION-S is a showcase for a… Read more »
Believe it or not, we may have a BEV SUV turf war on our hands. Many of the major automakers have announced plans to produce all-electric crossovers, including Mercedes, Volvo, Hyundai, Kia and Volkswagen – not to mention the onslaught startups like SF Motors, Faraday Future, Byton and Rivian. The all-electric Audi e-tron SUV is… Read more »