Magna Illuminates the Future of Styling With Breakthrough Lighting

Rhea-AI Summary

Magna introduces its Breakthrough Lighting technology with the launch of the Litgate, a thermoplastic liftgate featuring integrated lighting that enhances vehicle aesthetics and safety. This first-to-market design will be ready for production in mobility applications by 2023. The lighting solution allows for personalization, with options for decorative and functional lighting effects, extensive color palettes, and programmable features. Magna emphasizes its full-systems approach, which combines design and engineering for holistic product development.

Positive

• First-to-market launch of the innovative Litgate design.
• Production readiness in 2023 for mobility applications.
• Enhances vehicle aesthetics and safety through improved visibility.
• Broad customization options for brand differentiation.

Negative

• None.

• Integrated lighting technology for lightweight, recyclable thermoplastic liftgate that remains hidden until lit
• First-to-market design innovation gives “cool” factor for consumers
• Ready for production on mobility applications in 2023

AURORA, Ontario, June 02, 2022 (GLOBE NEWSWIRE) -- Exterior lighting is increasingly becoming a central styling differentiator while helping to improve safety through greater visibility. Magna’s Breakthrough Lighting solution featured on the thermoplastic liftgate known as Litgate, combines the company’s expertise in exteriors and lighting and offers new ways to personalize and allow consumers to interact with their vehicles. Magna plans to have the technology ready for production in 2023.

“Magna’s Breakthrough Lighting enables increased design freedom and features more options for brand differentiation that can elevate our customers’ experiences,” said Grahame Burrow, Global President of Magna Exteriors. “As the industry builds significant momentum around electrified and autonomous vehicles, we expect more desire for developments like this that are seamlessly integrated into exterior surfaces.”

Magna’s competitive advantage is its ability to create solutions leveraging a full-systems approach. Uniting Magna’s in-house capabilities in exteriors and lighting early in the vehicle development and design process creates synergies that allow for more holistic product development.

Breakthrough Lighting enhances the overall appearance as well as function of lighting by refining communication between the user, the vehicle and its surroundings including key differentiators such as:

• Breakthrough hidden-until-lit light effects
• Communicative, functional and decorative lighting
• Molded-in styling features and intricate textured surfaces
• Extensive color palette available, programmable to customer spec 

Breakthrough Lighting technology is applicable on thermoplastic material surfaces including polycarbonate and thermoplastic polyolefins. Through materials, coatings and processing advancement, the desired lighting effects are achievable on various exterior panels.

Magna offers its customers a wide choice of lighting solutions, each with specific characteristics that are designed to help achieve striking and captivating brand identities. For more information on our lighting solutions, please click here.

TAGS
Breakthrough Lighting, LitGate, liftgate, vehicle exteriors, thermoplastics, ADAS, sensors, design

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 with a global, entrepreneurial-minded team of over 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 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/ccba3a86-663b-48e1-a4f7-b5f60f9b5ba5

FAQ

What is Magna's Breakthrough Lighting technology for the Litgate?

Magna's Breakthrough Lighting technology integrates lighting into the thermoplastic liftgate, enhancing vehicle styling and safety.

When will Magna's Litgate be ready for production?

Magna's Litgate is set for production in mobility applications by 2023.

What are the benefits of the new lighting technology introduced by Magna?

The new lighting technology offers aesthetic enhancements, improved safety visibility, and extensive customization options.

Is Magna's Litgate targeting a specific market?

Yes, the Litgate aims to cater to the evolving demands of electrified and autonomous vehicles.

What materials are used in Magna's Litgate technology?

The Litgate technology utilizes thermoplastic materials such as polycarbonate and thermoplastic polyolefins.