Magna announced the termination of the merger agreement with Veoneer
5 October 2021, 04:34:35

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At CES 2024, Magna unveiled its next-generation 800V eDrive solution that sets new standards in efficiency, power-to-weight ratio, and torque density. Magna's next-generation eDrive is a drop-in solution that incorporates several advanced technologies, resulting in significant reductions in weight and size, enhanced performance, extended driving range, and sustainability. It offers enhanced flexibility due to its...
9 January 2024
LG will hold a private demonstration for major automakers at CES 2024, introducing a new cross domain platform integrating Advanced Driver Assistance System (ADAS), Automated Driving (AD) and In-Vehicle Infotainment (IVI) technologies. Developed by LG in collaboration with Magna, a global mobility tech company, the game-changing future mobility platform is expected to arrive on the market in the near future...
4 January 2024
LG Magna e-Powertrain, the JV between LG Electronics and Magna formed in 2021, announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s industrial area which features well-developed infrastructure and is strategically located near OEM customers and other Magna facilities throughout the region. The company has also received strong...
4 September 2023
onsemi announced a long-term supply agreement (LTSA) for Magna to integrate onsemi's EliteSiC intelligent power solutions into its eDrive systems. By integrating onsemi's industry-leading EliteSiC MOSFET technology, Magna eDrive systems can offer better cooling performance and faster acceleration and charging rates, improving efficiency and increasing the range of electric vehicles (EVs). Additionally, onsemi's...
2 August 2023
Magna has announced the start of production of a first-to-market, modular eDecoupling unit to support multiple battery electric vehicle (BEV) programs for a German premium OEM. A bolt-on stand-alone solution for BEVs, the eDecoupling is an electromechanical device that disconnects the e-motor from the driveshaft in electric vehicles when propulsion power is not needed, reducing energy consumption and increasing...
2 August 2023
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. Magna's eDS Mid is a compact, high-speed e-motor...
3 May 2023
Renault Group and Qualcomm Technologies, Inc. announced today that the companies intend to take their technology collaboration one step further with plans to deliver a centralized compute architecture for Renault’s next-generation of software-defined vehicles. Known as “Software Defined Vehicle” (SDV) Platforms, the high-performance automotive platforms would be based on Snapdragon Digital Chassis solutions from...
8 November 2022
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International Inc., celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico. Scheduled for completion in 2023, the new facility will produce inverters, motors, and onboard chargers to support General Motors’ new electric vehicle (EV) platform. The 260,000 square foot plant will be LG Magna e-Powertrain’s first production base in...
20 April 2022
With the increasing shift toward vehicle electrification, Magna is leveraging its market-leading body and chassis expertise to provide innovative battery enclosures. The company announced today that it is expanding its operations into Chatham, as an extension of its current operations in St. Thomas to support new business from Ford Motor Company. The new 170,000 square foot facility is expected to create up to 150...
1 April 2022
Magna's all-electric connected powertrain, the EtelligentReach, is the latest innovation set to debut on a new entrant vehicle in 2022. The complete system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics. eDrive technology advancements and the holistic vehicle development approach of the EtelligentReach achieve a range...
14 December 2021
Qualcomm and SSW Partners today announced they have reached a definitive agreement to acquire Veoneer, Inc. for $37.00 per share in an all-cash transaction, representing a total equity value for Veoneer of $4.5 billion. Veoneer has terminated its prior acquisition agreement with Magna International Inc. and canceled its October 19, 2021, special meeting that was previously scheduled to approve that agreement. At...
5 October 2021
Qualcomm announced it has submitted an offer to acquire the autotech company Veoneer for $37 per share, in an all-cash transaction. Its offer has been approved by Qualcomm's Board of Directors, does not require Qualcomm stockholder approval, and has no financing conditions. This proposed acquisition is consistent with Qualcomm's growth and diversification strategy. It reinforces the company's commitment to bring...
5 August 2021
LG and Magna signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea and will be led by a strong management team. Leading the new company will be CEO Cheong Won-suk, a 20-year LG veteran who was most recently vice president and head of the LG Vehicle component Solutions Company’s Green...
30 July 2021
The LG Magna e-Powertrain is a joint venture between LG Electronics of Korea and Magna International of Canada. It is set to start operations this month. LG will participate by separating a part of its VS Business Division. Magna will invest USD 453 million to secure a 49% stake. By mid-July, the new business entity should be established. LG Magna e-Powertrain will produce inverters, motors, and in-vehicle chargers...
2 July 2021
EV Specifications
Complete specifications of EVs, grouped according to their brand and year
Featured
Specifications of some of the most interesting and anticipated EVs.

2025 Xiaomi YU7 Max AWD
Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Curb weight: 5423.37 lb / 2460 kg
Electric motor #1: 295 kW, Location: Rear
Electric motor #2: 220 kW, Location: Front
Battery: 101.7 kWh, Voltage: 800 V

2025 Xiaomi YU7 Pro AWD
Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Location: Rear
Location: Front
Battery: 96.3 kWh, Voltage: 800 V

2025 Xiaomi YU7 RWD
Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor: 235 kW, 528 Nm, Location: Rear
Battery: 96.3 kWh, Voltage: 800 V

2025 Xiaomi SU7 Ultra AWD
Doors: 4, Seats: 5
Length: 199.6 in / 5070 mm
Width: 77.6 in / 1970 mm
Height: 57.7 in / 1465 mm
Electric motor #1: 850 kW, 1270 Nm, Location: Rear
Electric motor #2: 288 kW, 500 Nm, Location: Front
Battery: 93.7 kWh

2024 Xiaomi SU7 Pro RWD
Doors: 4, Seats: 5
Length: 196.7 in / 4997 mm
Width: 77.3 in / 1963 mm
Height: 57.3 in / 1455 mm
Curb weight: 4365.15 lb / 1980 kg
Electric motor: 220 kW, 400 Nm, Location: Rear
Battery: 94.3 kWh

2025 Tesla Model Y Standard Range RWD
Doors: 4, Seats: 5 / 7
Length: 188.6 in / 4790 mm
Width: 75.6 in / 1920 mm
Height: 63.9 in / 1624 mm
Curb weight: 4250.51 lb / 1928 kg
Electric motor: 220 kW @ 5000 rpm, 440 Nm, Location: Rear
Battery: 62.5 kWh, Voltage: 345 V

2025 Tesla Model Y Long Range RWD
Doors: 4, Seats: 5 / 7
Length: 188.6 in / 4790 mm
Width: 75.6 in / 1920 mm
Height: 63.9 in / 1624 mm
Curb weight: 4190.99 lb / 1901 kg
Electric motor: 220 kW @ 5000 rpm, 410 Nm, Location: Rear
Battery: 78.4 kWh, Voltage: 345 V

2025 Tesla Model Y Long Range AWD
Doors: 4, Seats: 5 / 7
Length: 188.6 in / 4790 mm
Width: 75.6 in / 1920 mm
Height: 63.9 in / 1624 mm
Curb weight: 4396.02 lb / 1994 kg
Electric motor #1: 194 kW @ 5000 rpm, 340 Nm, Location: Rear
Electric motor #2: 137 kW @ 6380 rpm, 219 Nm, Location: Front
Battery: 78.4 kWh, Voltage: 345 V

2024 Porsche Macan 4
Doors: 4, Seats: 5
Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
Height: 63.9 in / 1622 mm
Curb weight: 5302.12 lb / 2405 kg
Location: Rear
Location: Front
Battery: 100 kWh, Voltage: 800 V

2024 Porsche Macan Turbo
Doors: 4, Seats: 5
Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
Height: 63.8 in / 1621 mm
Curb weight: 5302.12 lb / 2405 kg
Location: Rear
Location: Front
Battery: 100 kWh, Voltage: 800 V

2024 Xiaomi SU7 RWD
Doors: 4, Seats: 5
Length: 196.7 in / 4997 mm
Width: 77.3 in / 1963 mm
Height: 57.3 in / 1455 mm
Curb weight: 4365.15 lb / 1980 kg
Electric motor: 220 kW, 400 Nm, Location: Rear
Battery: 73.6 kWh

2024 Xiaomi SU7 Max AWD
Doors: 4, Seats: 5
Length: 196.7 in / 4997 mm
Width: 77.3 in / 1963 mm
Height: 56.7 in / 1440 mm
Curb weight: 4861.19 lb / 2205 kg
Electric motor #1: 275 kW, 500 Nm, Location: Rear
Electric motor #2: 220 kW, 338 Nm, Location: Front
Battery: 101 kWh, Voltage: 871 V

2024 Volkswagen ID.7 Pro
Doors: 4, Seats: 5
Length: 195.3 in / 4961 mm
Height: 60.5 in / 1536 mm
Curb weight: 4788.44 lb / 2172 kg
Electric motor: 210 kW, 550 Nm, Location: Rear
Battery: 77 kWh

2025 Cadillac Escalade IQ Luxury 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Sport 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Luxury 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Sport 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Volvo EX30 Twin Motor Performance (EK)
Doors: 5, Seats: 5
Length: 166.7 in / 4233 mm
Width: 76.4 in / 1940 mm
Height: 61.0 in / 1549 mm
Curb weight: 4034.46 lb / 1830 kg
Location: Rear
Location: Front
Battery: 69 kWh