Posts Tagged: Magna International

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 »