Magna's battery enclosures business is growing, expands in Ontario

Electric vehicle (EV) sales in the U.S. are booming - and Tesla and General Motors (GM) are at the front of the pack. Why the sudden surge? Many buyers were racing to take advantage of federal tax credits worth up to $7,500 before they expired in September, thanks to the Trump administration's "One Big Beautiful Bill Act." Tesla still holds the largest slice of the EV pie, delivering over 497,000 vehicles in Q3...

5 October 2025

Automakers in North America are increasingly reducing on‑the‑road prices for battery electric vehicles by amounts close to the former $7,500 federal tax credit. Manufacturers are applying the savings in different ways: permanent MSRP adjustments, time‑limited rebates applied at the point of sale, or larger dealer incentives that lower the cash price before financing or leasing. The strategy shortens the cash gap for...

5 October 2025

Ford has extended its EV offering again, bringing back a fan favorite - the Ford Capri. A classic sports coupe loved by families across Europe has been reborn for an electric generation, with a new look, still in keeping with its iconic design features, but now with a modern purpose. Ford has partnered with French football legend Eric Cantona to lead the reveal of the new Capri, seen fronting the company's launch of...

10 July 2024

The electric Mustang Mach-E model lineup continues to expand with a new Bronze Appearance Package available exclusively on the 2024 Mustang Mach-E GT. This latest offering encourages personalization synonymous with the Mustang brand. The 2024 Mustang Mach-E GT Bronze Appearance Package features: Striking 20-inch Sinister Bronze painted aluminum wheels Eye-catching Mustang “Mach-E 4X” door badges and rear GT Badge...

19 January 2024

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

Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final...

13 November 2023

The Elec reports that Ford has hired a former VP at Samsung SDI to develop EV batteries in its joint venture with SK On - Blue Oval SK. According to The Elec's sources, the company has appointed Kim Sung-hoon. He has experience and expertise in developing large batteries, manufacturing technologies such as stacking of battery materials, and production lines for them. It is expected that he will focus on battery...

8 November 2023

Ford F-150 Lightning Flash debuts today - a tech-forward offering that brings together most of the current customers' favorite features for $69,995. The F-150 Lightning Flash expands on the XLT model line by adding in-demand tech capabilities, including an extended-range battery, which has a targeted EPA-estimated range of 320 miles, available Ford BlueCruise v1.2 hands-free highway driving, and a standard 15.5-inch...

3 October 2023

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

SK On announced it will establish a cathode manufacturing facility in Canada with global major automaker Ford Motor and cathode producer EcoPro BM as they joined a move to strengthen a value chain covering from key battery materials to electric vehicles (EVs). Cathode is a core material determining the performance of an EV battery. The three companies announced that the cathode plant will be built on the 278,000...

24 August 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

The Ford Cologne Electric Vehicle Center officially opens following a $2 billion investment to transform the historic plant, first founded in 1930. This hi-tech production facility in Germany will build Ford's new generation of electric passenger vehicles for millions of European customers. Designed to be highly efficient, the 125-hectare site is equipped with a brand-new production line, battery assembly, and...

14 June 2023