Magna develops and pilots autonomous on-road last-mile delivery solution, Canadian Business Journal

• Aiming to reduce shipping costs and carbon footprint of ‘last mile’ deliveries
• Self-driving system and delivery software developed by Magna
• Pilot shows different business model options, including robots as a service

AURORA, Ontario, Sept. 14, 2022 (GLOBE NEWSWIRE) — Today at the North American International Auto Show in Detroit, Michigan, Magna is leveraging its automotive electrification and automation expertise to develop new mobility businesses. revealed how to develop opportunities for The company has successfully developed and is piloting a new ‘last mile’ delivery solution for urban environments.

This solution integrates:

• Dedicated on-road lightweight electric robot.
• A low-speed automatic driving system developed by Magna.When
• delivery software.

With the goal of significantly reducing last-mile delivery costs and carbon footprint in urban areas, Magna’s new mobility team leverages the hardware and software of our automotive products to zero out a “full-stack” solution. Built from Magna’s solutions enable retailers and other stakeholders to offer end-to-end last mile delivery across a variety of potential business models.

The Magna-developed robot will launch on a pilot basis at a Detroit-area pizza restaurant in March 2022. Since then, we have delivered hundreds of pizzas to residential and commercial areas near our restaurant. Magna uses data and consumer feedback to improve our services.

Magna’s robots can travel on public roads at speeds of up to 20 miles per hour, and the low-speed self-driving system developed by Magna uses cameras, radar, LIDAR and other hardware.

Executive Matteo del Sorbo said: Vice President of Magna International and global leader of Magna New Mobility. “The next phase of this pilot program will apply what we have learned to further refine our solution to unlock a wider range of applications and use cases, scaling, and innovative new business models. That’s it.”

This development and pilot program follows Magna’s recent two new mobility announcements.

• Entering the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electric shared mobility provider, to expand the battery exchange infrastructure needed to accelerate the electrification of two-wheelers in India To do.
• Working with Cartken, an autonomous robotics company that has developed autonomous sidewalk delivery and material handling robots, has enabled a robot-as-a-service business model through contract manufacturing. This includes Magna’s use of his Cartken platform in a variety of applications.

“Our expertise lies in design, engineering, and the ability to scale to higher volume. Additionally, we want to explore opportunities to generate additional revenue streams,” adds Del Sorbo. “These moves allow us to enter a space where mobility can be offered as a service, rather than just a point-of-sale product.”

tag
New Mobility, Automated Delivery, Last Mile Delivery, NAIAS, Yul Mobility, Kartken

investor contact
Luis Tonelli, Vice President, Investor Relations
[email protected]905.726.7035

media contact
Tracy Fuerst, Vice President of Corporate Communications & PR
[email protected]248-761-7004

About Magna
Magna is more than one of the world’s largest suppliers to the automotive sector. We are a mobility technology company with an entrepreneurial global team of over 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 on Magna [(NYSE:MGA; TSX:MG)]Visit www.magna.com or 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 MAGNA’s website at WWW.MAGNA.COM..

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