Magna has broken ground on a new manufacturing facility in St. Clair, Michigan, that will build battery enclosures for the upcoming 2022 GMC Hummer EV. Construction of the 345,000-square-foot facility, named Magna Electric Vehicle Structures, represents an investment of over $70 million. The new plant is expected to bring more than 300 jobs to the… Read more »
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LG and Magna enter agreement to expand powertrain electrification
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 »
Magna wins DOE grant to develop cheaper EV motor with 8x more power density
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 »
Magna forms e-powertrain joint venture in China
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 »
Rumor: Tesla may use Magna to produce Model 3 in Europe
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 »
Magna Steyr engineers still working on Apple EV?
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 produces BMW i3 liftgate assembly
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 »
Hyundai Heavy partners with Magna E-Car to develop lithium-ion batteries
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 »
Magna E-Car Systems unveils demo fleet of electric Equinoxes
The project is a partnership between Magna and GM, partly financed by a grant from the Ontario government.
Is Fisker finished, or could it ascend from the ashes again?
In an industry replete with colorful and quixotic characters, Fisker stands out as a once-promising brand that, after almost 20 years of existence, has never quite made it out of the startup phase. The entertaining but tragic saga (which I have chronicled at length elsewhere), began in 2005, and includes a made-for-tabloids lawsuit with Tesla,… Read more »