Magna Expands Long-Term Innovation Partnership with Mercedes-Benz
Rhea-AI Summary
Magna has expanded its long-term partnership with Mercedes-Benz, strengthening their collaboration through development and engineering services for Mercedes' new electric off-roader model. The partnership, spanning several decades, includes the production of over 500,000 iconic off-roaders at Magna's Graz facility since 1979.
In 2024, Magna began producing the eDS Duo, an advanced electric drive system, at its Lannach facility. This 2-speed, dual e-motor drive system delivers up to 240 kW of power and features unique capabilities like the 'G-Turn,' allowing 360-degree rotation in place. The system utilizes silicon carbide and decoupling technology for optimized efficiency and exceptional off-road performance.
Positive
- Production milestone of over 500,000 vehicles at Graz facility since 1979
- Launch of new eDS Duo electric drive system production in 2024
- Advanced technological features including 240 kW power output and G-Turn capability
Negative
- None.
News Market Reaction – MGA
On the day this news was published, MGA gained 0.64%, reflecting a mild positive market reaction.
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- 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
louis.tonelli@magna.com│ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com│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.
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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
FAQ
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