AURORA, Ontario
,
May 3, 2022
(press release)
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Magna continues its accelerated transformation toward electric mobility with the start of production of its mild hybrid transmission for BMW Group. Magna’s new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group’s compact class, which underpins all its front-transverse vehicles. The contract between Magna and BMW Group also includes production of mild hybrid transmissions for additional models extending CO2 emissions reductions across multiple platforms, starting with the new BMW 2 Active Tourer. “Our efficient hybrid dual-clutch transmission technology is an important step in achieving lower emissions and improved fuel efficiency,” said Tom Rucker, President of Magna Powertrain. “Leveraging Magna’s broad scalable product portfolio including hybrid transmissions and eDrives coupled with seamless powertrain system integration, we are ideally positioned to support customers including BMW Group in achieving critical CO2 emissions reduction goals.” With its specific torque-split concept for hybridization, Magna’s 7HDT400 48V transmission enables optimal efficiency of an internal combustion engine and electric motor. It provides a maximum of 400 Nm of torque as well as offering scalable functionality benefits. It also offers high modularity with the following: The mild hybrid transmissions are built at Magna’s facilities in Neuenstein, Germany, and Kechnec, Slovakia. TAGS INVESTOR CONTACT MEDIA CONTACT ABOUT MAGNA For further information about Magna [(NYSE: MGA; TSX: MG)], please visit www.magna.com or follow us on Twitter @MagnaInt. THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM. Source: Magna International Inc.
mild hybrid transmission, eDrives, powertrain
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1) 905.726.7035
Tracy Fuerst, Vice President, Corporate Communications and PR
tracy.fuerst@magna.com, (+1) 248.761.7004
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 161,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 340 manufacturing operations and 89 product development, engineering and sales centers spanning 28 countries.
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