Magna's All-Electric Powertrain To Debut In 2022

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  • Magna International Inc’s MGA all-electric connected powertrain, the EtellingentReach, is set to debut on a new entrant vehicle in 2022.
  • The system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics.
  • eDrive technology advancements in the EtelligentReach achieve a range increase of up to 145 km/90 miles or 30% compared to certain production BEV vehicles in the segment.
  • The company will be showcasing the innovations at its booth in the West Hall at CES 2022.
  • Price Action: MGA shares are trading lower by 1.65% at $78.52 on the last check Monday.
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