Magna Helps Ford Electrify the Future With Battery Enclosures for F-150 Lightning

Rhea-AI Summary

Magna has announced its role in supplying battery enclosures for the all-electric Ford F-150 Lightning, set to debut in spring 2022. These enclosures house high-voltage batteries and critical components, enhancing vehicle safety and structural integrity. Made from lightweight aluminum, the enclosures minimize added weight. This partnership marks Magna's first supply of such enclosures to Ford in North America, showcasing Magna's engineering expertise in electrification technologies. The company aims to leverage its capabilities to address the growing demand for electric vehicles.

Positive

• Supply of battery enclosures for Ford F-150 Lightning enhances market position.
• Lightweight aluminum design reduces battery mass, supporting EV efficiency.
• First North American contract with Ford for battery enclosure manufacturing.

Negative

• None.

• Magna’s battery enclosures protect power source
• Key technology to enable electric vehicles
• Lightweight aluminum enclosure helps minimize battery mass

AURORA, Ontario, Nov. 09, 2021 (GLOBE NEWSWIRE) -- When the all-electric Ford F-150 Lightning hits showrooms next spring, Magna battery enclosures innovation will be protecting the truck’s important power source.

Battery enclosures, which all electric vehicles require, house high-voltage batteries, electrical components, sensors and connectors, contributing to the structural and safety aspects of a vehicle’s frame and protecting critical components from potential impact, heat and water. Additionally, the lightweight aluminum enclosure helps minimize added mass from the truck’s battery.

“Magna is proud to play a role in the all-electric Ford F-150 Lightning,” said John Farrell, President of Cosma International, Magna’s body and chassis group. “The shift toward electrification is significant for our industry, and it brings Magna many opportunities to leverage our extensive expertise in engineering and manufacturing to meet those challenges.”

The F-150 Lightning battery enclosures will be the first built by Magna for Ford in the North American market. For the battery enclosure aluminum extrusions and stampings are assembled using a combination of laser hybrid and cold metal transfer (CMT) welding for robustness.

Magna is leveraging its body and chassis expertise, which leads the industry in vehicle structures, to provide a comprehensive range of capabilities and engineering solutions to global customers. Battery enclosures can be developed in steel, aluminum, and multi-material configurations, including lightweight composites, to meet the individual needs of each customer.

TAGS
Ford F-150 Lightning, Electrification, Battery Enclosures

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, 248.631.5396

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 154,000 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 347 manufacturing operations and 90 product development, engineering and sales centres 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/0bceff75-19f3-4c77-bb2f-78180c3ca8b4

FAQ

What is Magna's role in the Ford F-150 Lightning?

Magna is supplying battery enclosures that protect the vehicle's high-voltage batteries and critical components.

What materials are used in the battery enclosures for the Ford F-150 Lightning?

The battery enclosures are made from lightweight aluminum, minimizing added mass.

When will the Ford F-150 Lightning be available for purchase?

The Ford F-150 Lightning is set to hit showrooms in spring 2022.

Is this the first time Magna has worked with Ford on battery enclosures?

Yes, this is Magna's first supply of battery enclosures for Ford in the North American market.

What advantages do Magna's battery enclosures provide?

They enhance structural safety, protect against impacts, heat, and water, and contribute to vehicle efficiency.