Magna and Mercedes-Benz enhance collaboration, introducing the eDS Duo electric drive system for a new electric off-roader model.
Quiver AI Summary
Magna International and Mercedes-Benz continue their long-standing partnership, focusing on innovation in the automotive industry, particularly with the introduction of the all-new electric version of Mercedes-Benz's iconic off-roader. This collaboration has resulted in the production of over 500,000 off-roaders since 1979 and includes contributions in various vehicle systems such as powertrains and ADAS technologies. Recently, Magna launched the eDS Duo electric drive system, designed for superior traction and efficiency, which will be utilized in the new electric model. The eDS Duo features a 2-speed, dual e-motor drive that offers advanced capabilities, including unique propulsion systems for enhanced off-road performance. Both companies emphasize the importance of strong partnerships in driving automotive innovation.
Potential Positives
- Magna's long-term partnership with Mercedes-Benz, reaffirmed through ongoing collaboration, highlights the company's commitment to innovation and excellence in the automotive industry.
- The introduction of the eDS Duo electric drive system represents a significant technological advancement, offering exceptional powertrain solutions for electric vehicles.
- The development of the all-new electric model of Mercedes-Benz’s iconic off-roader showcases Magna's ability to adapt its expertise from traditional to electric vehicle platforms.
Potential Negatives
- Dependence on a single major partner (Mercedes-Benz) for innovation and production raises concerns about potential vulnerabilities if the partnership faces challenges.
- The mention of risk factors associated with forward-looking statements may indicate uncertainty in Magna's future performance or market conditions.
FAQ
What is the significance of the partnership between Magna and Mercedes-Benz?
The partnership emphasizes innovation and excellence in the automotive industry, enhancing vehicle performance through collaborative development and engineering services.
What is Magna's eDS Duo electric drive system?
The eDS Duo is a unique, advanced electric drive system that provides exceptional traction properties and efficiency for electric vehicles, including the new off-roader model.
How long has Magna collaborated with Mercedes-Benz?
Magna has been a strategic partner to Mercedes-Benz for several decades, producing over 500,000 iconic off-roaders since 1979.
What are the benefits of the eDS Duo for off-road capabilities?
The eDS Duo features leading traction, a unique wheel-individual propulsion system, and exceptional performance, enabling advanced off-road capabilities like the "G-Turn."
Where can I find more information on Magna's electric powertrain systems?
More information on Magna's innovative electric powertrain systems can be found on the company's product page at www.magna.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MGA Hedge Fund Activity
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Full Release
- Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry
- Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader
- Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions
AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation and excellence. This collaboration has spanned multiple areas of the vehicle, including powertrain and drivetrain systems, ADAS technologies, body and chassis components, electrification, interior systems, vehicle assembly, and more.
“Strong partnerships with our customers are essential for driving innovation and advancing the automotive industry,” said Eric Wilds, Magna Chief Strategy & Commercial Officer. “Our continued partnership with Mercedes-Benz exemplifies how working together can lead to groundbreaking solutions and mutual success.”
This long-term partnership includes the production of more than 500,000 iconic off-roader at Magna’s Graz, Austria facility since 1979.
In 2024, Magna began production of the eDS Duo, a unique eDrive system with exceptional traction properties, at its Lannach, Austria facility, marking a new chapter in the partnership. The all-new electric model of the iconic off-roader is now equipped with this advanced electric drive system for leading performance and efficiency.
“Having supplied three generations of transfer cases for Mercedes-Benz’s iconic off-roader, Magna is honored to now equip this legendary vehicle with its first generation of electric units,” said Diba Ilunga, President of Magna Powertrain. “The eDS Duo demonstrates Magna's flexible approach to delivering powertrain solutions, transitioning seamlessly from internal combustion engines to battery electric vehicles.”
A 2-speed, dual e-motor drive covering a power range of up to 240 kW, the eDS Duo offers leading traction and off-road capabilities, including a unique wheel-individual propulsion system that enables features like the "G-Turn," allowing the vehicle to rotate 360 degrees in place. With optimized efficiency and advanced silicon carbide and decoupling technology, the eDS Duo delivers exceptional performance while maintaining high efficiency.
For more information on Magna’s innovative electric powertrain systems, visit the company’s product page .
INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
[email protected]│ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
[email protected]│248.761.7004
ABOUT MAGNA INTERNATIONAL
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
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 .
Magna’s eDS Duo combines a 2-speed, dual e-motor drive with advanced offroad technology
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d1a46fd-64a9-485d-b0b1-9465ea84ad35
