Magna awarded new high-voltage edrive business with europe-based global oem

Aurora, ontario, may 03, 2023 (globe newswire) -- magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. today, the company has announced it has been awarded a high-volume contract with a europe-based global premium oem to supply its new edrive system (eds mid). the edrive is planned for 2027 model suvs/sedans, with production expected to begin in 2026.
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