Magna’s 48-Volt Hybrid Transmission System Goes into Production at Canadian Business Journal Stellantis

• Magna’s 48-volt hybrid dual-clutch transmission debuted in the Jeep Renegade and Compass e-Hybrid, Fiat 500 X and Tipo.
• Production takes place at Magna’s Slovak facility
• The deal includes additional future hybrid models for Europe

AURORA, ON, Oct. 26, 2022 (GLOBE NEWSWIRE) — Magna’s 48-volt hybrid transmission hits the market in the Jeep Renegade, Compass e-Hybrid, Fiat 500 X and Tipo.・Bolt hybrid system. The two companies signed a multi-program agreement.

Hybrid technology is an important step on the road to reducing emissions.Magna’s hybrid transmission delivers tough CO₂ Improve driving dynamics with electric torque vectoring and traction support.

Magna’s 48V 7-speed dual-clutch transmission for hybrids delivers 320 Nm of maximum torque and torque split technology to optimize combustion engine (ICE) and electric motor efficiency. The electric motor can provide propulsion to the vehicle even when the ICE is switched off. This new transmission features separate on-demand cooling for the clutch and e-motor with a single oil circuit for cooling and lubrication, resulting in significant CO2 emissions.₂ Reduction of WLTC and actual driving.

“Our scalable transmission technology helps customers transition to vehicle electrification to help them meet their regulatory goals. Transmissions improve both efficiency and performance. We are pleased to award this hybrid transmission business that spans Magna, a testament to our expertise and capabilities.”

Magna produces 48V hybrid transmissions at its division in Kechnec, Slovakia. Additional 48V hybrid transmissions will be available on additional future Stellantis models.

tag
48 volt hybrid transmission, electrification, dual clutch transmission, CO₂ discount

investor contact
Luis Tonelli, Vice President, Investor Relations
[email protected](+1) (905) 726-7035

media contact
Tracy Fuerst, Vice President of Corporate Communications and PR
[email protected](+1) (248) 761-7004

Rej Husetovic, Director Corporate Communications & Media Relations Europe
[email protected](+49) 6093 9942-5056

About Magna
Magna is more than one of the world’s largest suppliers to the automotive sector. We are a mobility technology company with a global, entrepreneurial team of 161,000 employees and an organizational structure designed to innovate like a startup. With over 65 years of expertise and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are well-positioned to support mobility advancements in a changing industry. Our global network includes 341 manufacturing operations and 89 product development, engineering and sales centers across 28 countries.

For more information about Magna (NYSE: MGA; TSX: MG), please visit www.magna.com. www.magna.comor follow us on Twitter @MagnaInt.

This release may contain statements that constitute “forward-looking statements” under applicable securities laws and are subject to the cautionary disclaimers contained in Magna’s regulatory filings. , and is explicitly qualified. See Magna’s most recent management discussion and analysis of its results of operations and financial condition, Annual Information Form and Annual Report on Form 40-F. Risk factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These documents can be found on his website at Magna at: WWW.MAGNA.COM.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ee71abc-cddd-4b73-9270-72700abe5e94.

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