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Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

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Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system from a leading Chinese OEM. The system features an advanced dual e-motor and multi-speed design with 800V technology, delivering a longitudinal front drive solution. The scalable design supports B to E vehicle segments and provides flexibility for various configurations including electric, serial, and parallel driving modes. Production is scheduled to start in Q3 2025 at Magna's Nanchang facility.

Magna ha ottenuto il suo primo premio per un sistema Duo con Hybrid Drive Dedicato (DHD) da un importante OEM cinese. Il sistema presenta un avanzato motore e-motor duale e un design multi-velocità con tecnologia a 800V, offrendo una soluzione di trazione anteriore longitudinale. Il design scalabile supporta segmenti di veicoli da B a E e fornisce flessibilità per varie configurazioni, inclusi modalità di guida elettrica, seriale e parallela. La produzione è programmata per iniziare nel terzo trimestre del 2025 presso lo stabilimento di Magna a Nanchang.

Magna ha asegurado su primer premio por un sistema Dúo de Hybrid Drive Dedicado (DHD) de un importante OEM chino. El sistema cuenta con un avanzado motor e-motor dual y un diseño de múltiples velocidades con tecnología de 800V, proporcionando una solución de tracción delantera longitudinal. El diseño escalable admite segmentos de vehículos de la B a la E y ofrece flexibilidad para diversas configuraciones, incluyendo modos de conducción eléctrica, serie y paralela. La producción está programada para comenzar en el tercer trimestre de 2025 en las instalaciones de Magna en Nanchang.

마그나(Magna)는 주요 중국 OEM으로부터 전용 하이브리드 드라이브(DHD) 듀오 시스템에 대한 첫 번째 상을 수상했습니다. 이 시스템은 800V 기술을 갖춘 고급 이중 전기 모터 및 다단계 설계를 특징으로 하며, 종단 전방 구동 솔루션을 제공합니다. 확장 가능한 설계는 B에서 E까지의 차량 세그먼트를 지원하며 전기, 직렬 및 병렬 구동 모드를 포함한 다양한 구성의 유연성을 제공합니다. 생산은 2025년 3분기에 마그나의 난창(Nanchang) 시설에서 시작될 예정입니다.

Magna a reçu son premier prix pour un système Duo de Drive Hybride Dédié (DHD) d'un important OEM chinois. Le système présente un moteur e-moteur double avancé et un design multi-vitesse avec une technologie de 800V, offrant une solution de traction avant longitudinale. Le design évolutif prend en charge les segments de véhicule allant de B à E et offre une flexibilité pour diverses configurations, y compris les modes de conduite électriques, en série et en parallèle. La production est prévue pour commencer au troisième trimestre 2025 dans l'installation de Magna à Nanchang.

Magna hat seinen ersten Preis für ein dediziertes Hybrid Drive (DHD) Duo-System von einem führenden chinesischen OEM erhalten. Das System bietet einen fortschrittlichen dualen E-Motor und ein Multi-Gang-Design mit 800V-Technologie, das eine longitudinale Vorderachsantriebslösung ermöglicht. Das skalierbare Design unterstützt Fahrzeugsegmente von B bis E und bietet Flexibilität für verschiedene Konfigurationen, einschließlich elektrischer, serieller und paralleler Fahrmodi. Die Produktion ist für das dritte Quartal 2025 geplant und findet in der Magna-Anlage in Nanchang statt.

Positive
  • First major contract win for DHD Duo system with leading Chinese OEM
  • Production scheduled to begin Q3 2025, expanding market presence
  • Versatile 800V system design allows implementation across multiple vehicle segments
  • Technology addresses gap in longitudinal front-drive hybrid transmission market
Negative
  • None.

Insights

The award of Magna's first Dedicated Hybrid Drive (DHD) Duo system to a major Chinese OEM represents a significant technological advancement in the hybrid powertrain market. The 800V system with dual e-motor and multi-speed design positions Magna competitively in the growing hybrid segment, particularly in China's massive automotive market.

The scalable architecture supporting multiple vehicle segments (B to E) and configurations (P1+P3, P2+P3, range extender) demonstrates strong market potential. The planned production start in Q3 2025 at Nanchang facility could drive meaningful revenue growth. The system's ability to integrate across various models without structural modifications reduces implementation costs for OEMs, potentially accelerating adoption.

This contract win strategically positions Magna in China's rapidly evolving hybrid vehicle market, where government policies and consumer preferences are driving strong demand for electrified vehicles. The timing is particularly advantageous as global OEMs are increasingly incorporating hybrid solutions in their electrification strategies.

The longitudinal front-drive, 800V hybrid transmission addresses a specific market gap, giving Magna a competitive edge. While the contract value isn't disclosed, the scalable nature of the technology across multiple vehicle segments suggests significant revenue potential. The Q3 2025 production timeline indicates near-term impact on Magna's financial performance.

  • Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM
  • New 800V solution ensures a smooth and comfortable experience in all driving conditions
  • Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility

AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company’s flexible approach to supplying power to wheels.

Magna International Inc. 11/15/2924

A Media Snippet accompanying this announcement is available by clicking on this link.

Magna's DHD Duo system delivers a longitudinal front drive solution featuring an advanced dual e-motor and multi-speed design. The high-powered 800V system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna at the forefront of hybrid technology innovation.

“Our DHD Duo system embodies our commitment to creating exceptional driving experiences that are kinder to the planet,” said Diba Ilunga, President Magna Powertrain. “This hybrid solution offers our customers efficiency and versatility to meet both market demands and environmental goals, without sacrificing performance or comfort.”

Addressing the challenge of integrating longitudinal hybrid systems in both passenger and commercial vehicles, the DHD Duo leverages compact and highly integrated dog clutch technology. This allows for application of the DHD Duo system across multiple vehicle models without the need for structural modifications, offering unmatched flexibility to OEMs.

The longitudinal DHD Duo front drive is part of Magna's DHD Duo family. Its scalable design supports B to E vehicle segments, including SUVs, pickups, and light buses. It provides a flexible architecture switch between P1+P3, P2+P3, and range extender configurations, accommodating electric, serial, and parallel driving modes.

By addressing a product gap in the longitudinal front-drive, multi-speed 800V hybrid transmission market, Magna’s DHD Duo offers a versatile solution for global markets.

Production is scheduled to start in Q3 2025, at Magna’s Nanchang facility.

For more information on Magna’s DHD Duo system, visit the company’s product page.

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905-726-7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com, 248-761-7004

ABOUT MAGNA
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape. 

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.

 


FAQ

When will Magna (MGA) begin production of the DHD Duo system?

Magna will begin production of the DHD Duo system in Q3 2025 at their Nanchang facility.

What vehicle segments does Magna's (MGA) DHD Duo system support?

Magna's DHD Duo system supports B to E vehicle segments, including SUVs, pickups, and light buses.

What are the key features of Magna's (MGA) new hybrid drive system?

The DHD Duo system features an 800V dual e-motor design, multi-speed capability, dog clutch technology, and supports electric, serial, and parallel driving modes.

Which company awarded Magna (MGA) its first DHD Duo system contract?

A leading Chinese OEM awarded Magna its first DHD Duo system contract, though the specific company name was not disclosed.

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