Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Rhea-AI Summary

Magna has secured its position as the exclusive supplier of mild hybrid transmissions for BMW Group's front-transverse applications, starting with the new BMW 2 Active Tourer. This contract encompasses multiple models and highlights Magna's commitment to reducing CO₂ emissions through its 7-speed mild hybrid dual-clutch transmission. The innovative technology boosts fuel efficiency and integrates seamlessly with BMW's powertrain. Production will take place at Magna's Neuenstein and Kechnec facilities, reinforcing its role in advancing electric mobility.

Positive

• Exclusive supplier of mild hybrid transmissions for BMW Group enhances business credibility.
• Technology contributes significantly to CO₂ emissions reduction, aligning with environmental goals.
• Production at facilities in Germany and Slovakia indicates strong manufacturing capabilities.

Negative

• None.

• Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform
• Contract extends across multiple models starting with the new BMW 2 Active Tourer
• Mild hybrid transmission technology significantly reduces CO₂ emissions of an internal combustion engine

AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) -- Magna continues its accelerated transformation toward electric mobility with the start of production of its mild hybrid transmission for BMW Group. Magna’s new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group’s compact class, which underpins all its front-transverse vehicles.

The contract between Magna and BMW Group also includes production of mild hybrid transmissions for additional models extending CO₂ emissions reductions across multiple platforms, starting with the new BMW 2 Active Tourer.

“Our efficient hybrid dual-clutch transmission technology is an important step in achieving lower emissions and improved fuel efficiency,” said Tom Rucker, President of Magna Powertrain. “Leveraging Magna’s broad scalable product portfolio including hybrid transmissions and eDrives coupled with seamless powertrain system integration, we are ideally positioned to support customers including BMW Group in achieving critical CO₂ emissions reduction goals.”

With its specific torque-split concept for hybridization, Magna’s 7HDT400 48V transmission enables optimal efficiency of an internal combustion engine and electric motor. It provides a maximum of 400 Nm of torque as well as offering scalable functionality benefits.

It also offers high modularity with the following:

• base transmission
• fully integrated e-machine
• on-demand cooling of the clutch and electric motor
• a single oil circuit for cooling and lubrication, and
• a significant reduction in CO₂ at Worldwide Harmonized Light-Duty Vehicle Test Cycles (WLTC) and in real-world driving operations.
  

The mild hybrid transmissions are built at Magna’s facilities in Neuenstein, Germany, and Kechnec, Slovakia.

TAGS
mild hybrid transmission, eDrives, powertrain

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1) 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications and PR
tracy.fuerst@magna.com, (+1) 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 with a global, entrepreneurial-minded team of 161,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 340 manufacturing operations and 89 product development, engineering and sales centers spanning 28 countries.

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

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3500d59c-ead9-470f-bb3a-a473488075ca

FAQ

What new contract has Magna signed with BMW Group?

Magna signed a contract to be the exclusive supplier of mild hybrid transmissions for all front-transverse applications on BMW Group's platform.

Which models will feature Magna's mild hybrid transmissions?

The new BMW 2 Active Tourer will be the first model to feature Magna's mild hybrid transmissions.

How does Magna's mild hybrid transmission technology impact emissions?

Magna's mild hybrid transmission technology significantly reduces CO₂ emissions of internal combustion engines.

Where will Magna produce the new mild hybrid transmissions?

The mild hybrid transmissions will be produced at Magna's facilities in Neuenstein, Germany, and Kechnec, Slovakia.